Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Expands By 69.4%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 147,349 shares, an increase of 69.4% from the June 30th total of 86,972 shares. Based on an average trading volume of 148,022 shares, the days-to-cover ratio is presently 1.0 days. Currently, 14.3% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the 1st quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock worth $31,000 after buying an additional 878 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at about $1,847,000. Virtu Financial LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at about $2,666,000. Finally, Flow Traders U.S. LLC grew its position in 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 worth $437,000 after acquiring an additional 33,253 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Trading Down 12.3%

NYSEARCA EDZ opened at $17.35 on Friday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a one year low of $13.06 and a one year high of $55.20. The stock has a 50 day moving average price of $16.13 and a 200-day moving average price of $22.20.

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.