Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 25,024 shares, an increase of 45.8% from the December 15th total of 17,159 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily volume of 29,232 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 29,232 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.2% of the company’s shares are short sold.
Institutional Investors Weigh In On Direxion Daily MSCI Mexico Bull 3X Shares
A hedge fund recently bought a new stake in Direxion Daily MSCI Mexico Bull 3X Shares stock. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned approximately 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares at the end of the most recent reporting period.
Direxion Daily MSCI Mexico Bull 3X Shares Stock Performance
Direxion Daily MSCI Mexico Bull 3X Shares stock opened at $29.94 on Monday. The stock has a market capitalization of $23.05 million, a price-to-earnings ratio of 13.94 and a beta of 2.92. Direxion Daily MSCI Mexico Bull 3X Shares has a 52-week low of $8.44 and a 52-week high of $30.53. The stock’s 50 day moving average price is $24.54 and its two-hundred day moving average price is $21.27.
About Direxion Daily MSCI Mexico Bull 3X Shares
The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.
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