Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) Stock Short Interest Falls 39.8%

Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 21,466 shares, a decrease of 39.8% from the August 31st total of 35,657 shares. Based on an average trading volume of 12,573 shares, the short-interest ratio is currently 1.7 days. Currently, 2.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Direxion Daily FTSE Europe Bull 3X ETF

Hedge funds have recently made changes to their positions in the stock. Summit Financial Strategies Inc. bought a new stake in Direxion Daily FTSE Europe Bull 3X ETF during the second quarter valued at about $231,000. Innova Wealth Partners bought a new position in Direxion Daily FTSE Europe Bull 3X ETF in the first quarter worth about $292,000. Finally, PMV Capital Advisers LLC lifted its position in shares of Direxion Daily FTSE Europe Bull 3X ETF by 173.1% during 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.

Direxion Daily FTSE Europe Bull 3X ETF Stock Down 4.2%

EURL stock traded down $1.76 during trading on Thursday, hitting $40.28. 68,692 shares of the company’s stock traded hands, compared to its average volume of 38,172. The firm has a market capitalization of $38.27 million, a P/E ratio of 18.49 and a beta of 2.49. Direxion Daily FTSE Europe Bull 3X ETF has a 1 year low of $32.90 and a 1 year high of $52.77. The business has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $45.40.

About Direxion Daily FTSE Europe Bull 3X ETF

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.