Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Shares Down 0.2% – What’s Next?

Shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) traded down 0.2% during mid-day trading on Monday. The stock traded as low as $57.22 and last traded at $57.23. Approximately 85,120 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 135,261 shares. The stock had previously closed at $57.32.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Price Performance

The firm has a fifty day simple moving average of $73.65 and a two-hundred day simple moving average of $74.72. The firm has a market capitalization of $122.20 million, a P/E ratio of 15.39 and a beta of 2.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF during the third quarter worth approximately $76,000. Allied Private Wealth LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF during the second quarter worth $89,000. Covestor Ltd lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 11.2% during the third quarter. Covestor Ltd now owns 2,730 shares of the company’s stock valued at $209,000 after purchasing an additional 275 shares during the period. Optiver Holding B.V. boosted its holdings in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 29.4% in the first 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 last quarter. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF during the 1st quarter worth about $517,000.

Direxion Daily MSCI Emerging Markets Bull 3X ETF 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.