Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Sees Significant Growth in Short Interest

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 160,977 shares, an increase of 91.7% from the May 31st total of 83,993 shares. Based on an average trading volume of 136,293 shares, the short-interest ratio is currently 1.2 days. Approximately 6.4% of the company’s shares are short sold.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Performance

Shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares stock traded down $3.21 on Thursday, reaching $78.37. The company had a trading volume of 121,904 shares, compared to its average volume of 171,109. The firm’s 50 day moving average price is $86.49 and its two-hundred day moving average price is $71.81. The firm has a market cap of $163.01 million, a PE ratio of 15.39 and a beta of 2.18. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $38.08 and a 52-week high of $103.88.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bull 3X Shares

Several institutional investors have recently added to or reduced their stakes in EDC. Covestor Ltd lifted its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after purchasing an additional 1,205 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% in the first 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. PMV Capital Advisers LLC raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after buying an additional 5,887 shares during the period. Millington Financial Advisors LLC raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% in the 4th quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock valued at $498,000 after buying an additional 2,361 shares during the period. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter valued at $517,000.

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.