Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Sees Large Decrease in Short Interest

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXXGet Free Report) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 27,564 shares, a drop of 46.5% from the February 12th total of 51,535 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average daily volume of 59,504 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 59,504 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily MSCI Mexico Bull 3X Shares stock. Jane Street Group LLC lifted its holdings in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXXFree Report) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,517 shares of the company’s stock after acquiring an additional 9,790 shares during the period. Jane Street Group LLC owned approximately 5.65% of Direxion Daily MSCI Mexico Bull 3X Shares worth $1,087,000 as of its most recent SEC filing.

Direxion Daily MSCI Mexico Bull 3X Shares Stock Down 10.0%

Shares of NYSEARCA MEXX traded down $2.93 during midday trading on Thursday, hitting $26.40. The stock had a trading volume of 58,947 shares, compared to its average volume of 59,294. Direxion Daily MSCI Mexico Bull 3X Shares has a 1-year low of $8.44 and a 1-year high of $39.27. The company has a market capitalization of $20.33 million, a price-to-earnings ratio of 13.94 and a beta of 2.92. The company has a fifty day moving average price of $32.71 and a 200 day moving average price of $25.83.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

(Get Free Report)

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.

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