Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Up 247.7% in March

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 135,944 shares, an increase of 247.7% from the February 26th total of 39,097 shares. Approximately 21.6% of the company’s shares are sold short. Based on an average daily trading volume, of 359,011 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

Direxion Daily MSCI Emerging Markets Bear 3X Shares stock opened at $32.08 on Friday. The company’s 50 day simple moving average is $27.57 and its 200-day simple moving average is $34.15. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $22.63 and a 1 year high of $115.90.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC lifted its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after purchasing an additional 33,253 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth $1,847,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at $2,666,000.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

The Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x inverse exposure to a market-cap-weighted index of companies operating in emerging markets. EDZ was launched on Dec 17, 2008 and is managed by Direxion.