Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Up 45.1% in March

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 39,985 shares, a growth of 45.1% from the February 26th total of 27,564 shares. Based on an average daily trading volume, of 71,571 shares, the short-interest ratio is presently 0.6 days. Approximately 5.2% of the company’s shares are short sold.

Direxion Daily MSCI Mexico Bull 3X Shares Stock Performance

Shares of MEXX traded up $0.68 during trading hours on Monday, hitting $26.43. The stock had a trading volume of 28,523 shares, compared to its average volume of 54,907. Direxion Daily MSCI Mexico Bull 3X Shares has a 12-month low of $8.44 and a 12-month high of $39.27. The firm has a market cap of $20.35 million, a P/E ratio of 13.94 and a beta of 2.92. The company’s fifty day simple moving average is $32.53 and its 200 day simple moving average is $26.51.

Hedge Funds Weigh In On Direxion Daily MSCI Mexico Bull 3X Shares

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

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.