Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Expands By 69.4%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 147,349 shares, an increase of 69.4% from the June 30th total of 86,972 shares. Approximately 14.3% of the company’s shares are sold short. Based on an average daily volume of 148,022 shares, the days-to-cover ratio is currently 1.0 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

NYSEARCA EDZ opened at $17.35 on Friday. The business’s 50 day moving average price is $16.13 and its 200-day moving average price is $22.20. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a fifty-two week low of $13.06 and a fifty-two week high of $55.20.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter valued at about $2,666,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter valued at approximately $1,847,000. Flow Traders U.S. LLC grew its stake in shares of 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 valued at $437,000 after buying an additional 33,253 shares during the last quarter. Finally, Group One Trading LLC raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock worth $31,000 after buying an additional 878 shares during the period.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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.