Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Update

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 39,097 shares, a drop of 38.5% from the February 12th total of 63,522 shares. Approximately 6.2% of the company’s shares are short sold. Based on an average daily volume of 69,632 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 69,632 shares, the short-interest ratio is currently 0.6 days. Approximately 6.2% of the company’s shares are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Up 0.7%

Direxion Daily MSCI Emerging Markets Bear 3X Shares stock traded up $0.20 during trading on Friday, hitting $30.77. The company had a trading volume of 245,685 shares, compared to its average volume of 196,155. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1-year low of $22.63 and a 1-year high of $115.90. The company’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $35.27.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC boosted its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after acquiring an additional 33,253 shares during the period. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $1,847,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at approximately $2,666,000.

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.