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

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 76,485 shares, a decline of 37.0% from the April 15th total of 121,357 shares. Based on an average daily trading volume, of 471,517 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.6% of the company’s shares are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

Shares of NYSEARCA EDZ traded up $0.32 during midday trading on Monday, hitting $19.06. 248,671 shares of the company traded hands, compared to its average volume of 277,166. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12-month low of $16.54 and a 12-month high of $67.50. The stock has a 50-day moving average price of $24.92 and a 200 day moving average price of $29.90.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC increased its position 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 valued at $31,000 after buying an additional 878 shares during the period. Flow Traders U.S. LLC boosted its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after acquiring an additional 33,253 shares in the last quarter. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $1,847,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $2,666,000.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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.