Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 79,482 shares, a decrease of 43.7% from the July 30th total of 141,170 shares. Approximately 7.0% of the shares of the company are sold short. Based on an average daily trading volume, of 191,303 shares, the short-interest ratio is currently 0.4 days.
Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance
Shares of NYSEARCA EDZ traded up $0.29 during trading on Friday, hitting $14.61. 154,117 shares of the company were exchanged, compared to its average volume of 269,081. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $13.06 and a 1 year high of $51.48. The firm’s fifty day moving average price is $15.89 and its 200 day moving average price is $20.30.
Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC lifted its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock valued at $31,000 after buying an additional 878 shares during the period. Flow Traders U.S. LLC raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after purchasing an additional 33,253 shares during the period. Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at about $1,847,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at about $2,666,000.
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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