Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Down 63.9% in August

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 497,600 shares, a decline of 63.9% from the August 15th total of 1,380,000 shares. Approximately 16.6% of the shares of the company are sold short. Based on an average daily volume of 401,900 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 401,900 shares, the short-interest ratio is presently 1.2 days. Approximately 16.6% of the shares of the company are sold short.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares

A hedge fund recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC grew its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) by 69.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,192 shares of the company’s stock after buying an additional 33,253 shares during the quarter. Flow Traders U.S. LLC owned about 2.71% of Direxion Daily MSCI Emerging Markets Bear 3X Shares worth $437,000 at the end of the most recent quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

NYSEARCA:EDZ opened at $4.32 on Friday. The stock’s 50 day simple moving average is $5.01 and its 200-day simple moving average is $6.44. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12-month low of $4.29 and a 12-month high of $11.59.

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.