Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Decreases By 38.5%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 39,097 shares, a decline of 38.5% from the February 12th total of 63,522 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average daily trading volume, of 69,632 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 69,632 shares, the days-to-cover ratio is presently 0.6 days. Currently, 6.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $2,666,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter worth about $1,847,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of 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 worth $437,000 after purchasing an additional 33,253 shares during the period.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

Shares of EDZ traded up $0.20 on Friday, hitting $30.77. 245,685 shares of the stock traded hands, compared to its average volume of 196,155. The stock’s 50 day moving average is $27.76 and its two-hundred day moving average is $35.36. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $22.63 and a 1 year high of $115.90.

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.