Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Rises By 92.6%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 181,572 shares, a growth of 92.6% from the March 15th total of 94,292 shares. Approximately 6.9% of the shares of the company are short sold. Based on an average daily volume of 211,262 shares, the short-interest ratio is currently 0.9 days.

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

Large investors have recently modified their holdings of the business. Great Hill Capital LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter worth about $528,000. Great Oak Capital Partners LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter worth about $212,000. PMV Capital Advisers LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter worth about $256,000. Millington Financial Advisors LLC increased its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 23.8% in the third quarter. Millington Financial Advisors LLC now owns 6,768 shares of the company’s stock worth $343,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% in the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after purchasing an additional 1,205 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

EDC opened at $67.15 on Monday. The company has a market capitalization of $176.60 million, a price-to-earnings ratio of 15.39 and a beta of 1.96. The firm has a 50-day moving average price of $65.53 and a 200-day moving average price of $59.04. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a twelve month low of $24.50 and a twelve month high of $82.43.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

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.