Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 21,466 shares, a decrease of 39.8% from the August 31st total of 35,657 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily volume of 12,573 shares, the days-to-cover ratio is presently 1.7 days.
Direxion Daily FTSE Europe Bull 3X ETF Stock Performance
Shares of EURL stock traded up $0.77 during trading on Friday, hitting $41.05. 8,056 shares of the company were exchanged, compared to its average volume of 38,006. The business’s 50-day simple moving average is $48.36 and its 200 day simple moving average is $45.40. Direxion Daily FTSE Europe Bull 3X ETF has a twelve month low of $32.90 and a twelve month high of $52.77. The firm has a market capitalization of $39.00 million, a price-to-earnings ratio of 18.49 and a beta of 2.49.
Institutional Investors Weigh In On Direxion Daily FTSE Europe Bull 3X ETF
A number of institutional investors have recently modified their holdings of EURL. PMV Capital Advisers LLC boosted its position in Direxion Daily FTSE Europe Bull 3X ETF by 173.1% during the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after purchasing an additional 9,775 shares during the last quarter. Innova Wealth Partners bought a new stake in Direxion Daily FTSE Europe Bull 3X ETF in the first quarter worth $292,000. Finally, Summit Financial Strategies Inc. acquired a new position in Direxion Daily FTSE Europe Bull 3X ETF during the second quarter worth $231,000.
Direxion Daily FTSE Europe Bull 3X ETF Company Profile
The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.
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