Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Sees Large Decline in Short Interest

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 51,535 shares, a drop of 37.2% from the January 29th total of 82,053 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average trading volume of 62,728 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 62,728 shares, the short-interest ratio is presently 0.8 days. Approximately 6.7% of the company’s stock are sold short.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

MEXX opened at $38.05 on Friday. The business has a fifty day moving average price of $32.01 and a 200 day moving average price of $25.06. Direxion Daily MSCI Mexico Bull 3X Shares has a 12 month low of $8.44 and a 12 month high of $39.27. The stock has a market capitalization of $29.30 million, a price-to-earnings ratio of 13.94 and a beta of 2.92.

Institutional Trading of Direxion Daily MSCI Mexico Bull 3X Shares

An institutional investor recently bought a new position in Direxion Daily MSCI Mexico Bull 3X Shares stock. Virtu Financial LLC purchased a new position in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned about 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares as of its most recent SEC filing.

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.