Millington Financial Advisors LLC Takes Position in Direxion Daily MSCI Emerging Markets Bull 3X Shares $EDC

Millington Financial Advisors LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) during the second quarter, Holdings Channel reports. The fund bought 5,468 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter valued at $203,000. 180 Wealth Advisors LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the second quarter worth $239,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% during the second quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after buying an additional 10,238 shares during the period. Finally, Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the first quarter valued at $604,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Up 0.5%

Shares of NYSEARCA EDC opened at $51.82 on Friday. The stock’s 50-day simple moving average is $52.64 and its two-hundred day simple moving average is $44.45. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a twelve month low of $20.13 and a twelve month high of $58.53. The firm has a market capitalization of $112.97 million, a P/E ratio of 15.39 and a beta of 1.93.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Profile

The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.