Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Shares Scheduled to Reverse Split on Monday, September 29th

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) shares are going to reverse split on the morning of Monday, September 29th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 28th.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

Direxion Daily MSCI Emerging Markets Bear 3X Shares stock opened at $4.07 on Thursday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a fifty-two week low of $3.98 and a fifty-two week high of $11.59. The firm’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $6.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC increased its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) by 69.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,192 shares of the company’s stock after purchasing an additional 33,253 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.71% of Direxion Daily MSCI Emerging Markets Bear 3X Shares worth $437,000 as of its most recent SEC filing.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

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.