Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Up 45.1% in March

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 39,985 shares, an increase of 45.1% from the February 26th total of 27,564 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily trading volume, of 71,571 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily MSCI Mexico Bull 3X Shares Trading Up 2.2%

Shares of NYSEARCA:MEXX traded up $0.56 during trading on Monday, reaching $26.31. The stock had a trading volume of 6,256 shares, compared to its average volume of 54,458. The firm’s 50-day simple moving average is $32.53 and its 200 day simple moving average is $26.51. Direxion Daily MSCI Mexico Bull 3X Shares has a one year low of $8.44 and a one year high of $39.27. The company has a market capitalization of $20.26 million, a P/E ratio of 13.94 and a beta of 2.92.

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

An institutional investor recently raised its position in Direxion Daily MSCI Mexico Bull 3X Shares stock. Jane Street Group LLC raised its holdings in shares of Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,517 shares of the company’s stock after purchasing an additional 9,790 shares during the period. Jane Street Group LLC owned 5.65% of Direxion Daily MSCI Mexico Bull 3X Shares worth $1,087,000 at the end of the most recent quarter.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.