Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Sees Significant Decrease in Short Interest

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,760 shares, a decline of 34.6% from the May 31st total of 5,745 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 26,579 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Direxion Daily FTSE Europe Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in EURL. Jane Street Group LLC boosted its holdings in Direxion Daily FTSE Europe Bull 3x Shares by 111.1% during the first quarter. Jane Street Group LLC now owns 45,575 shares of the company’s stock worth $1,216,000 after buying an additional 23,990 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily FTSE Europe Bull 3x Shares in the third quarter worth approximately $1,087,000. PMV Capital Advisers LLC increased its holdings in shares of Direxion Daily FTSE Europe Bull 3x Shares by 173.1% in the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after buying an additional 9,775 shares in the last quarter. Innova Wealth Partners bought a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares in the first quarter valued at $292,000. Finally, Millington Financial Advisors LLC bought a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares in the fourth quarter valued at $228,000.

Direxion Daily FTSE Europe Bull 3x Shares Stock Performance

Shares of Direxion Daily FTSE Europe Bull 3x Shares stock opened at $47.38 on Friday. Direxion Daily FTSE Europe Bull 3x Shares has a 52 week low of $30.34 and a 52 week high of $51.65. The stock has a market cap of $54.49 million, a PE ratio of 18.49 and a beta of 2.49. The company’s 50-day moving average price is $44.96 and its two-hundred day moving average price is $44.16.

About Direxion Daily FTSE Europe Bull 3x Shares

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.