Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 76,485 shares, a decline of 37.0% from the April 15th total of 121,357 shares. Based on an average trading volume of 471,517 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.6% of the company’s shares are sold short.
Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance
Shares of EDZ traded up $0.32 during mid-day trading on Monday, hitting $19.06. 248,671 shares of the company’s stock traded hands, compared to its average volume of 277,166. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $16.54 and a 1 year high of $67.50. The business’s 50-day moving average price is $24.92 and its 200-day moving average price is $29.90.
Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares
Hedge funds have recently made changes to their positions in the business. Group One Trading LLC increased its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock valued at $31,000 after buying an additional 878 shares during the period. Flow Traders U.S. LLC increased its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after buying an additional 33,253 shares during the period. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter valued at about $1,847,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter valued at about $2,666,000.
About Direxion Daily MSCI Emerging Markets Bear 3X Shares
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.
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