Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Grows By 64.7%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 250,276 shares, an increase of 64.7% from the February 12th total of 151,996 shares. Approximately 9.3% of the company’s shares are short sold. Based on an average daily volume of 182,949 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 182,949 shares, the days-to-cover ratio is currently 1.4 days. Approximately 9.3% of the company’s shares are short sold.

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

A number of institutional investors and hedge funds have recently modified their holdings of EDC. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the fourth quarter valued at approximately $1,693,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the first quarter worth $604,000. Great Hill Capital LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter worth $528,000. SBI Securities Co. Ltd. lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after acquiring an additional 10,238 shares in the last quarter. Finally, Millington Financial Advisors LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at $235,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Down 0.9%

NYSEARCA EDC traded down $0.55 on Friday, reaching $57.80. The company had a trading volume of 122,938 shares, compared to its average volume of 213,598. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52 week low of $20.13 and a 52 week high of $82.43. The stock’s 50 day moving average is $68.34 and its 200-day moving average is $57.10. The stock has a market cap of $154.90 million, a price-to-earnings ratio of 15.39 and a beta of 1.93.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

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.