Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Up 69.4% in July

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 147,349 shares, an increase of 69.4% from the June 30th total of 86,972 shares. Approximately 14.3% of the shares of the company are sold short. Based on an average trading volume of 148,022 shares, the days-to-cover ratio is currently 1.0 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Down 2.6%

NYSEARCA:EDZ opened at $16.90 on Friday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 52 week low of $13.06 and a 52 week high of $55.20. The firm’s 50-day simple moving average is $16.11 and its 200 day simple moving average is $22.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EDZ. Group One Trading LLC increased its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the 1st 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. Virtu Financial LLC bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at approximately $2,666,000. Jane Street Group LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter valued at approximately $1,847,000. Finally, Flow Traders U.S. LLC raised its position in 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 purchasing an additional 33,253 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

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.