Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) Stock Short Interest Declines 35.9%

Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 60,565 shares, a drop of 35.9% from the September 30th total of 94,494 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 395,630 shares, the days-to-cover ratio is currently 0.2 days.

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

An institutional investor recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Group One Trading LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) by 507.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,051 shares of the company’s stock after acquiring an additional 878 shares during the quarter. Group One Trading LLC owned approximately 0.06% of Direxion Daily MSCI Emerging Markets Bear 3X ETF worth $31,000 as of its most recent SEC filing.

Direxion Daily MSCI Emerging Markets Bear 3X ETF Price Performance

Direxion Daily MSCI Emerging Markets Bear 3X ETF stock opened at $18.79 on Monday. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 1-year low of $13.02 and a 1-year high of $42.18. The firm’s fifty day moving average price is $15.15 and its two-hundred day moving average price is $19.91.

About Direxion Daily MSCI Emerging Markets Bear 3X ETF

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.