Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 39,097 shares, a decline of 38.5% from the February 12th total of 63,522 shares. Based on an average trading volume of 69,632 shares, the short-interest ratio is currently 0.6 days. Approximately 6.2% of the company’s stock are sold short. Approximately 6.2% of the company’s stock are sold short. Based on an average trading volume of 69,632 shares, the short-interest ratio is currently 0.6 days.
Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Up 0.7%
Shares of EDZ stock traded up $0.20 during trading on Friday, reaching $30.77. The company had a trading volume of 245,685 shares, compared to its average volume of 196,155. The firm’s 50 day simple moving average is $27.76 and its two-hundred day simple moving average is $35.17. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a one year low of $22.63 and a one year high of $115.90.
Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at $2,666,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter valued at about $1,847,000. Finally, Flow Traders U.S. LLC raised its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after buying an additional 33,253 shares during the last quarter.
About Direxion Daily MSCI Emerging Markets Bear 3X Shares
The Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x inverse exposure to a market-cap-weighted index of companies operating in emerging markets. EDZ was launched on Dec 17, 2008 and is managed by Direxion.
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