Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Sees Large Decline in Short Interest

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 79,482 shares, a decrease of 43.7% from the July 30th total of 141,170 shares. Approximately 7.0% of the company’s stock are sold short. Based on an average daily trading volume, of 191,303 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Trading Up 2.0%

NYSEARCA:EDZ traded up $0.29 during midday trading on Friday, reaching $14.61. The company had a trading volume of 154,117 shares, compared to its average volume of 269,081. The stock’s fifty day simple moving average is $15.89 and its 200-day simple moving average is $20.30. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12-month low of $13.06 and a 12-month high of $51.48.

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 business. Virtu Financial LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth approximately $2,666,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at approximately $1,847,000. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% in the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after purchasing an additional 33,253 shares during the period. Finally, Group One Trading LLC lifted its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock worth $31,000 after purchasing an additional 878 shares during the period.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

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.