Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 94,292 shares, a decrease of 62.3% from the February 26th total of 250,276 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 365,446 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 365,446 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.5% of the company’s stock are short sold.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Down 4.7%

Shares of EDC stock opened at $55.91 on Wednesday. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 12-month low of $20.13 and a 12-month high of $82.43. The firm has a fifty day moving average of $67.94 and a 200-day moving average of $58.23. The company has a market capitalization of $149.84 million, a price-to-earnings ratio of 15.39 and a beta of 1.93.

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

Several hedge funds and other institutional investors have recently modified their holdings of EDC. Millington Financial Advisors LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at approximately $235,000. Great Hill Capital LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter worth approximately $528,000. Jane Street Group LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter worth approximately $604,000. Virtu Financial LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 4th quarter worth approximately $1,693,000. Finally, Covestor Ltd grew its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after acquiring an additional 1,205 shares in the last quarter.

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.