Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Shares Up 0.7% – Here’s What Happened

Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC)’s share price was up 0.7% during trading on Friday . The company traded as high as $78.36 and last traded at $78.27. Approximately 53,131 shares traded hands during trading, a decline of 63% from the average daily volume of 143,753 shares. The stock had previously closed at $77.73.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Price Performance

The stock’s 50 day moving average is $76.10 and its two-hundred day moving average is $76.46. The stock has a market capitalization of $163.58 million, a PE ratio of 15.39 and a beta of 2.23.

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

Large investors have recently modified their holdings of the company. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF by 29.4% in the 1st 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 in the last quarter. Allied Private Wealth LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF during the 2nd quarter worth $89,000. Covestor Ltd raised its stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 267.2% during the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after acquiring an additional 1,205 shares in the last quarter. Millington Financial Advisors LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 34.9% in the fourth quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock valued at $498,000 after acquiring an additional 2,361 shares during the last quarter. Finally, PMV Capital Advisers LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 422.0% in the first quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after acquiring an additional 5,887 shares during the last quarter.

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.