Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Stock Price Down 0.2% – Here’s What Happened

Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC)’s stock price traded down 0.2% on Monday. The company traded as low as $57.22 and last traded at $57.23. 85,120 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 135,261 shares. The stock had previously closed at $57.32.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Price Performance

The business’s 50-day moving average price is $74.46 and its two-hundred day moving average price is $74.78. The company has a market capitalization of $119.04 million, a P/E ratio of 15.39 and a beta of 2.23.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. IMC Chicago LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the 1st quarter valued at $517,000. Optiver Holding B.V. increased its holdings in shares of 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 worth $203,000 after purchasing an additional 824 shares during the period. Covestor Ltd raised its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF by 11.2% in the third quarter. Covestor Ltd now owns 2,730 shares of the company’s stock worth $209,000 after buying an additional 275 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF during the second quarter worth about $89,000. Finally, Toth Financial Advisory Corp purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the third quarter valued at approximately $76,000.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Company Profile

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.