Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Sees Significant Increase in Short Interest

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 107,469 shares, a growth of 57.8% from the November 30th total of 68,112 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 81,343 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 81,343 shares, the short-interest ratio is currently 1.3 days. Approximately 4.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

A number of large investors have recently made changes to their positions in EDC. Millington Financial Advisors LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the second quarter valued at approximately $235,000. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the second quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock worth $520,000 after buying an additional 10,238 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter worth approximately $203,000. 180 Wealth Advisors LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter worth approximately $239,000. Finally, PMV Capital Advisers LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at $256,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Up 2.2%

Shares of EDC opened at $54.86 on Monday. The company has a market cap of $119.59 million, a PE ratio of 15.39 and a beta of 1.93. The business has a fifty day moving average of $52.97 and a 200 day moving average of $46.98. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $20.13 and a 52-week high of $58.53.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

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.