Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 118,190 shares, an increase of 64.6% from the April 30th total of 71,811 shares. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 125,623 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bull 3X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% in the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock valued at $90,000 after acquiring an additional 1,205 shares during the last quarter. Optiver Holding B.V. boosted its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% in the 1st quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock valued at $203,000 after purchasing an additional 824 shares during the period. PMV Capital Advisers LLC boosted its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after purchasing an additional 5,887 shares during the period. Millington Financial Advisors LLC grew its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% during the 4th quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock worth $498,000 after buying an additional 2,361 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter worth approximately $517,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Trading Down 3.6%

EDC stock opened at $95.28 on Friday. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a twelve month low of $34.72 and a twelve month high of $102.93. The company’s 50 day moving average is $76.93 and its two-hundred day moving average is $66.94. The stock has a market cap of $241.06 million, a P/E ratio of 15.39 and a beta of 2.18.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.