Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 71,811 shares, a decrease of 55.3% from the April 15th total of 160,815 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 116,890 shares, the short-interest ratio is currently 0.6 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter worth $517,000. PMV Capital Advisers LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% during the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after buying an additional 5,887 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 4th quarter worth $1,693,000. Millington Financial Advisors LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% during the 4th quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock worth $498,000 after buying an additional 2,361 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after buying an additional 1,205 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Down 10.5%

Shares of EDC stock traded down $9.50 on Friday, reaching $80.68. 142,591 shares of the stock were exchanged, compared to its average volume of 187,031. The stock has a market cap of $204.12 million, a P/E ratio of 15.39 and a beta of 2.14. The firm has a 50 day moving average of $68.61 and a two-hundred day moving average of $63.50. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1-year low of $32.13 and a 1-year high of $93.45.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company 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.