Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Up 64.7% in February

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 250,276 shares, a growth of 64.7% from the February 12th total of 151,996 shares. Based on an average trading volume of 182,949 shares, the days-to-cover ratio is currently 1.4 days. Approximately 9.3% of the company’s stock are sold short. Approximately 9.3% of the company’s stock are sold short. Based on an average trading volume of 182,949 shares, the days-to-cover ratio is currently 1.4 days.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Down 0.9%

NYSEARCA EDC traded down $0.55 on Friday, hitting $57.80. 122,938 shares of the stock were exchanged, compared to its average volume of 213,598. The company has a market cap of $154.90 million, a PE ratio of 15.39 and a beta of 1.93. The company has a 50-day moving average price of $68.32 and a 200-day moving average price of $57.30. 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.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bull 3X Shares

A number of institutional investors have recently bought and sold shares of EDC. Covestor Ltd boosted its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the 4th quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after acquiring an additional 1,205 shares in the last quarter. Great Oak Capital Partners LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter worth about $212,000. Millington Financial Advisors LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the second quarter worth approximately $235,000. PMV Capital Advisers LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter worth approximately $256,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the second quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after purchasing an additional 10,238 shares in the last quarter.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

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.