Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 71,811 shares, a decrease of 55.3% from the April 15th total of 160,815 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average trading volume of 116,890 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter valued at approximately $517,000. PMV Capital Advisers LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st 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 in the last quarter. Virtu Financial LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 4th quarter valued at approximately $1,693,000. Millington Financial Advisors LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% in the 4th 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 in the last quarter. Finally, Covestor Ltd lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% in the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock valued at $90,000 after acquiring an additional 1,205 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Trading Down 10.5%

EDC stock traded down $9.50 during midday trading on Friday, hitting $80.68. The company’s stock had a trading volume of 142,591 shares, compared to its average volume of 187,031. The company has a market cap of $204.12 million, a PE ratio of 15.39 and a beta of 2.14. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 12 month low of $32.13 and a 12 month high of $93.45. The firm’s 50-day moving average is $68.61 and its 200-day moving average is $63.46.

Direxion Daily MSCI Emerging Markets Bull 3X Shares 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.