Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) Stock Short Interest Declines 35.9%

Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 60,565 shares, a drop of 35.9% from the September 30th total of 94,494 shares. Based on an average trading volume of 395,630 shares, the short-interest ratio is presently 0.2 days. Approximately 3.6% of the company’s shares are sold short.

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

An institutional investor recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Group One Trading LLC raised its holdings in Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) by 507.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,051 shares of the company’s stock after buying an additional 878 shares during the quarter. Group One Trading LLC owned 0.06% of Direxion Daily MSCI Emerging Markets Bear 3X ETF worth $31,000 as of its most recent SEC filing.

Direxion Daily MSCI Emerging Markets Bear 3X ETF Price Performance

EDZ stock opened at $18.79 on Monday. The stock has a 50-day moving average price of $15.15 and a 200-day moving average price of $19.91. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 1-year low of $13.02 and a 1-year high of $42.18.

About Direxion Daily MSCI Emerging Markets Bear 3X ETF

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.