Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Up 20.5% in February

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZGet Free Report) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 63,522 shares, a growth of 20.5% from the January 29th total of 52,731 shares. Based on an average trading volume of 198,248 shares, the days-to-cover ratio is currently 0.3 days. Approximately 10.1% of the shares of the company are sold short. Approximately 10.1% of the shares of the company are sold short. Based on an average trading volume of 198,248 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

EDZ opened at $28.49 on Wednesday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $22.63 and a 1 year high of $115.90. The stock’s 50 day simple moving average is $28.76 and its 200-day simple moving average is $36.28.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares

Hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC lifted its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after acquiring an additional 33,253 shares during the period. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at about $1,847,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter worth about $2,666,000.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

(Get Free Report)

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.

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