Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 60,565 shares, a decrease of 35.9% from the September 30th total of 94,494 shares. Based on an average daily trading volume, of 395,630 shares, the short-interest ratio is currently 0.2 days. Currently, 3.6% of the shares of the company are short sold.
Direxion Daily MSCI Emerging Markets Bear 3X ETF Trading Down 0.4%
Shares of Direxion Daily MSCI Emerging Markets Bear 3X ETF stock traded down $0.07 on Tuesday, hitting $18.66. 32,815 shares of the company’s stock were exchanged, compared to its average volume of 264,538. The company has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $19.85. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 1 year low of $13.02 and a 1 year high of $42.18.
Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X ETF
An institutional investor recently raised its position in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Group One Trading LLC raised its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ – Free Report) by 507.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,051 shares of the company’s stock after purchasing an additional 878 shares during the period. Group One Trading LLC owned 0.06% of Direxion Daily MSCI Emerging Markets Bear 3X ETF worth $31,000 as of its most recent SEC filing.
About Direxion Daily MSCI Emerging Markets Bear 3X ETF
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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