Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Sees Large Increase in Short Interest

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 213,500 shares, an increase of 70.5% from the September 30th total of 125,200 shares. Currently, 9.8% of the company’s stock are sold short. Based on an average daily trading volume, of 81,400 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 81,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 9.8% of the company’s stock are sold short.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

Shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares stock opened at $55.55 on Monday. The firm has a market cap of $121.10 million, a price-to-earnings ratio of 15.39 and a beta of 1.93. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $20.13 and a 52-week high of $58.53. The stock has a 50-day simple moving average of $49.80 and a 200-day simple moving average of $41.33.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

Several institutional investors have recently made changes to their positions in the company. Millington Financial Advisors LLC lifted its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 23.8% during the 3rd quarter. Millington Financial Advisors LLC now owns 6,768 shares of the company’s stock valued at $343,000 after buying an additional 1,300 shares during the last quarter. Great Oak Capital Partners LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at about $212,000. PMV Capital Advisers LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at about $256,000. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after acquiring an additional 10,238 shares in the last quarter. Finally, 180 Wealth Advisors LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at approximately $239,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.