Great Hill Capital LLC Invests $528,000 in Direxion Daily MSCI Emerging Markets Bull 3X Shares $EDC

Great Hill Capital LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,352 shares of the company’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millington Financial Advisors LLC raised its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 23.8% in the 3rd quarter. Millington Financial Advisors LLC now owns 6,768 shares of the company’s stock valued at $343,000 after purchasing an additional 1,300 shares during the last quarter. Great Oak Capital Partners LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter valued at approximately $212,000. PMV Capital Advisers LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter valued at approximately $256,000. SBI Securities Co. Ltd. boosted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% during the second quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock worth $520,000 after acquiring an additional 10,238 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter worth approximately $604,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Performance

Shares of EDC opened at $81.95 on Thursday. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a fifty-two week low of $20.13 and a fifty-two week high of $82.43. The company has a market capitalization of $219.63 million, a PE ratio of 15.39 and a beta of 1.93. The stock has a fifty day moving average of $65.45 and a two-hundred day moving average of $55.35.

Direxion Daily MSCI Emerging Markets Bull 3X Shares 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.