Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Up 59.8% in December

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 17,159 shares, an increase of 59.8% from the November 30th total of 10,736 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 21,547 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 21,547 shares, the short-interest ratio is presently 0.8 days. Approximately 1.9% of the shares of the stock are short sold.

Direxion Daily MSCI Mexico Bull 3X Shares Stock Performance

Shares of MEXX stock traded up $0.31 during trading hours on Friday, hitting $27.08. The company had a trading volume of 23,537 shares, compared to its average volume of 98,338. Direxion Daily MSCI Mexico Bull 3X Shares has a 12 month low of $8.44 and a 12 month high of $27.33. The firm’s fifty day moving average is $22.98 and its 200 day moving average is $20.23. The firm has a market capitalization of $24.91 million, a price-to-earnings ratio of 13.94 and a beta of 2.92.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily MSCI Mexico Bull 3X Shares stock. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.