Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Trading 0.7% Higher – Here’s What Happened

Shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDCGet Free Report) traded up 0.7% during mid-day trading on Friday . The stock traded as high as $78.36 and last traded at $78.27. 53,131 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 143,753 shares. The stock had previously closed at $77.73.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Stock Performance

The business has a 50-day simple moving average of $76.10 and a two-hundred day simple moving average of $76.46. The company has a market capitalization of $163.58 million, a price-to-earnings ratio of 15.39 and a beta of 2.23.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X ETF

Several large investors have recently modified their holdings of EDC. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF during the fourth quarter worth $1,693,000. IMC Chicago LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the 1st quarter valued at $517,000. PMV Capital Advisers LLC increased its stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF 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 position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 34.9% during the 4th quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock worth $498,000 after buying an additional 2,361 shares during the last quarter. Finally, Covestor Ltd raised its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 267.2% during the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after buying an additional 1,205 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Direxion Daily MSCI Emerging Markets Bull 3X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily MSCI Emerging Markets Bull 3X ETF and related companies with MarketBeat.com's FREE daily email newsletter.