Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) Short Interest Update

Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 66,309 shares, a decrease of 67.8% from the August 31st total of 206,100 shares. Based on an average daily volume of 170,277 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.5% of the shares of the company are short sold.

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

A hedge fund recently bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,792 shares of the company’s stock, valued at approximately $2,666,000. Virtu Financial LLC owned about 11.87% of Direxion Daily MSCI Emerging Markets Bear 3X ETF as of its most recent SEC filing.

Direxion Daily MSCI Emerging Markets Bear 3X ETF Stock Up 3.6%

NYSEARCA:EDZ traded up $0.50 during trading hours on Monday, reaching $14.24. 164,645 shares of the company’s stock were exchanged, compared to its average volume of 262,561. The company has a 50-day moving average of $15.27 and a 200 day moving average of $18.55. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 1-year low of $13.02 and a 1-year high of $43.74.

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.