Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 79,482 shares, a decrease of 43.7% from the July 30th total of 141,170 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily volume of 191,303 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares
A number of institutional investors have recently modified their holdings of the company. Group One Trading LLC boosted its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock worth $31,000 after acquiring an additional 878 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter worth approximately $2,666,000. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter worth approximately $1,847,000. Finally, Flow Traders U.S. LLC raised its stake 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 during the last quarter.
Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Up 0.8%
Shares of EDZ traded up $0.12 during trading hours on Tuesday, reaching $14.87. The stock had a trading volume of 175,838 shares, compared to its average volume of 267,705. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12 month low of $13.06 and a 12 month high of $51.48. The company’s 50-day moving average is $15.92 and its two-hundred day moving average is $20.18.
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.
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