Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) Stock Short Interest Rises 58.9%

Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 44,119 shares, a growth of 58.9% from the September 15th total of 27,773 shares. Based on an average daily trading volume, of 12,903 shares, the short-interest ratio is presently 3.4 days. Approximately 3.5% of the shares of the stock are sold short.

Direxion Daily MSCI India Bull 2X ETF Price Performance

Shares of Direxion Daily MSCI India Bull 2X ETF stock traded down $0.45 during trading on Friday, hitting $41.10. The stock had a trading volume of 22,509 shares, compared to its average volume of 23,888. The firm has a market cap of $53.43 million, a P/E ratio of 23.82 and a beta of 0.93. The business has a fifty day moving average of $42.75 and a two-hundred day moving average of $43.89. Direxion Daily MSCI India Bull 2X ETF has a fifty-two week low of $37.25 and a fifty-two week high of $61.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily MSCI India Bull 2X ETF stock. Virtu Financial LLC purchased a new position in Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,190 shares of the company’s stock, valued at approximately $2,058,000. Virtu Financial LLC owned approximately 3.15% of Direxion Daily MSCI India Bull 2X ETF at the end of the most recent quarter.

Direxion Daily MSCI India Bull 2X ETF Company Profile

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.