Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Short Interest Update

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,760 shares, a decrease of 34.6% from the May 31st total of 5,745 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 26,579 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily FTSE Europe Bull 3x Shares

Several hedge funds have recently made changes to their positions in EURL. Innova Wealth Partners bought a new position in Direxion Daily FTSE Europe Bull 3x Shares during the 1st quarter worth $292,000. PMV Capital Advisers LLC lifted its stake in Direxion Daily FTSE Europe Bull 3x Shares by 173.1% in the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after buying an additional 9,775 shares during the last quarter. Cerity Partners LLC bought a new stake in Direxion Daily FTSE Europe Bull 3x Shares in the fourth quarter valued at $205,000. Millington Financial Advisors LLC acquired a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter valued at $228,000. Finally, Summit Financial Strategies Inc. acquired a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter valued at $206,000.

Direxion Daily FTSE Europe Bull 3x Shares Stock Down 2.6%

Shares of EURL stock opened at $44.99 on Thursday. The business has a 50 day moving average of $44.82 and a two-hundred day moving average of $44.08. Direxion Daily FTSE Europe Bull 3x Shares has a 52 week low of $30.34 and a 52 week high of $51.65. The company has a market cap of $51.74 million, a P/E ratio of 18.49 and a beta of 2.49.

About Direxion Daily FTSE Europe Bull 3x Shares

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.