Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Sees Large Decline in Short Interest

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 49,438 shares, a decrease of 24.1% from the December 31st total of 65,113 shares. Based on an average trading volume of 157,983 shares, the short-interest ratio is presently 0.3 days. Approximately 7.8% of the shares of the stock are short sold. Approximately 7.8% of the shares of the stock are short sold. Based on an average trading volume of 157,983 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares

A hedge fund recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) by 69.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,192 shares of the company’s stock after buying an additional 33,253 shares during the quarter. Flow Traders U.S. LLC owned about 2.71% of Direxion Daily MSCI Emerging Markets Bear 3X Shares worth $437,000 at the end of the most recent quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Trading Up 0.2%

Shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares stock traded up $0.06 on Tuesday, hitting $28.01. 74,785 shares of the company were exchanged, compared to its average volume of 190,289. The company has a 50-day moving average price of $33.96 and a 200 day moving average price of $40.01. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1-year low of $25.73 and a 1-year high of $115.90.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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