Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 214,293 shares, an increase of 243.5% from the May 31st total of 62,392 shares. Currently, 12.8% of the company’s stock are short sold. Based on an average daily volume of 302,036 shares, the short-interest ratio is presently 0.7 days.
Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Down 0.8%
Shares of NYSEARCA:EDZ traded down $0.12 during mid-day trading on Monday, reaching $15.19. 123,539 shares of the stock were exchanged, compared to its average volume of 280,875. The stock’s 50 day simple moving average is $17.34 and its 200-day simple moving average is $25.28. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a one year low of $13.06 and a one year high of $55.20.
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. Flow Traders U.S. LLC lifted its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% in the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after purchasing an additional 33,253 shares in the last quarter. Jane Street Group LLC bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at $1,847,000. Virtu Financial LLC bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at $2,666,000. Finally, Group One Trading LLC increased its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the 1st 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 last quarter.
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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