Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Shares Climb 3.1% – Still a Buy?

Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) shares traded up 3.1% during trading on Friday. The company traded as high as $76.64 and last traded at $76.25. 50,770 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 139,272 shares. The stock had previously closed at $73.97.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Stock Up 3.1%

The company has a market capitalization of $158.60 million, a PE ratio of 15.39 and a beta of 2.23. The firm has a 50-day moving average of $78.63 and a two-hundred day moving average of $78.27.

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

Large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF during the 4th quarter worth $1,693,000. IMC Chicago LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the 1st quarter valued at about $517,000. PMV Capital Advisers LLC raised its holdings in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after buying an additional 5,887 shares during the period. Optiver Holding B.V. lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 29.4% in the first quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock valued at $203,000 after buying an additional 824 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the second quarter valued at about $89,000.

About Direxion Daily MSCI Emerging Markets Bull 3X ETF

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.