Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) Stock Short Interest Rises 85.7%

Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 39,861 shares, an increase of 85.7% from the September 15th total of 21,466 shares. Based on an average daily volume of 20,659 shares, the short-interest ratio is presently 1.9 days. Currently, 4.2% of the shares of the stock are sold short.

Direxion Daily FTSE Europe Bull 3X ETF Stock Up 0.4%

Shares of EURL stock traded up $0.19 during trading hours on Friday, hitting $42.54. 14,669 shares of the company’s stock were exchanged, compared to its average volume of 37,034. Direxion Daily FTSE Europe Bull 3X ETF has a fifty-two week low of $32.90 and a fifty-two week high of $52.77. The firm has a 50 day moving average of $46.87 and a two-hundred day moving average of $45.69. The firm has a market cap of $40.41 million, a P/E ratio of 18.49 and a beta of 2.49.

Institutional Trading of Direxion Daily FTSE Europe Bull 3X ETF

Several hedge funds have recently made changes to their positions in EURL. PMV Capital Advisers LLC lifted its position in Direxion Daily FTSE Europe Bull 3X ETF by 173.1% in the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after buying an additional 9,775 shares during the last quarter. Innova Wealth Partners acquired a new stake in shares of Direxion Daily FTSE Europe Bull 3X ETF in the first quarter valued at $292,000. Finally, Summit Financial Strategies Inc. acquired a new stake in shares of Direxion Daily FTSE Europe Bull 3X ETF in the second quarter valued at $231,000.

Direxion Daily FTSE Europe Bull 3X ETF Company Profile

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.