Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Trading Down 2.2% – Here’s What Happened

Shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) were down 2.2% on Friday . The company traded as low as $79.12 and last traded at $79.62. Approximately 59,674 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 151,727 shares. The stock had previously closed at $81.42.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

The stock’s 50 day moving average is $77.42 and its 200-day moving average is $76.05. The company has a market capitalization of $169.59 million, a P/E ratio of 15.39 and a beta of 2.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. IMC Chicago LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the first quarter valued at approximately $517,000. Virtu Financial LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the fourth quarter worth approximately $1,693,000. PMV Capital Advisers LLC boosted its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the first quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after purchasing an additional 5,887 shares during the last quarter. Covestor Ltd grew its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% in the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after purchasing an additional 1,205 shares during the period. Finally, Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter worth approximately $604,000.

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.