Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Up 22.0% in February

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 151,996 shares, an increase of 22.0% from the January 29th total of 124,546 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average trading volume of 199,322 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 199,322 shares, the days-to-cover ratio is currently 0.8 days. Currently, 5.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in EDC. Virtu Financial LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the fourth quarter valued at about $1,693,000. Millington Financial Advisors LLC boosted its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% in 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 period. Covestor Ltd boosted its holdings in shares of 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 worth $90,000 after acquiring an additional 1,205 shares during the period. Great Hill Capital LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at $528,000. Finally, Great Oak Capital Partners LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter worth about $212,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Performance

Direxion Daily MSCI Emerging Markets Bull 3X Shares stock traded up $1.86 during mid-day trading on Wednesday, reaching $65.64. The stock had a trading volume of 341,016 shares, compared to its average volume of 200,005. The stock’s 50-day simple moving average is $67.22 and its 200-day simple moving average is $56.33. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a fifty-two week low of $20.13 and a fifty-two week high of $82.43. The firm has a market capitalization of $175.92 million, a PE ratio of 15.39 and a beta of 1.93.

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.