Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Declines By 54.0%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 74,063 shares, a drop of 54.0% from the June 15th total of 160,977 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 108,582 shares, the days-to-cover ratio is presently 0.7 days.

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

Large investors have recently made changes to their positions in the business. PMV Capital Advisers LLC lifted its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% during the first quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after purchasing an additional 5,887 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 4th quarter worth approximately $1,693,000. Jane Street Group LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter valued at approximately $604,000. Allied Private Wealth LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter valued at approximately $89,000. Finally, Optiver Holding B.V. increased its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% during the 1st quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock valued at $203,000 after buying an additional 824 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

NYSEARCA EDC traded up $4.06 during trading hours on Tuesday, reaching $77.45. 50,917 shares of the company’s stock traded hands, compared to its average volume of 166,395. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $38.08 and a 52-week high of $103.88. The firm has a 50-day simple moving average of $87.19 and a 200 day simple moving average of $73.41. The firm has a market cap of $161.10 million, a PE ratio of 15.39 and a beta of 2.18.

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.