Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Sees Large Increase in Short Interest

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 214,293 shares, an increase of 243.5% from the May 31st total of 62,392 shares. Based on an average daily volume of 302,036 shares, the short-interest ratio is currently 0.7 days. Approximately 12.8% of the shares of the company are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

Shares of EDZ opened at $15.31 on Friday. The stock’s fifty day moving average price is $17.48 and its two-hundred day moving average price is $25.52. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $13.06 and a 1 year high of $55.20.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC lifted 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 valued at $31,000 after buying an additional 878 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after acquiring an additional 33,253 shares during the period. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter valued at $1,847,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth $2,666,000.

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.