Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Drops By 59.4%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 86,972 shares, a decline of 59.4% from the June 15th total of 214,293 shares. Currently, 8.9% of the company’s stock are short sold. Based on an average daily volume of 287,941 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares

A number of large investors have recently bought and sold shares of the company. Group One Trading LLC grew its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the 1st 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. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter worth $1,847,000. Virtu Financial LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth $2,666,000. Finally, Flow Traders U.S. LLC boosted its holdings in 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 worth $437,000 after purchasing an additional 33,253 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

EDZ stock opened at $15.31 on Monday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a fifty-two week low of $13.06 and a fifty-two week high of $55.20. The business has a 50-day moving average of $16.34 and a 200-day moving average of $23.85.

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.