Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Up 247.7% in March

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 135,944 shares, an increase of 247.7% from the February 26th total of 39,097 shares. Approximately 21.6% of the shares of the company are short sold. Based on an average daily volume of 359,011 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 359,011 shares, the short-interest ratio is currently 0.4 days. Approximately 21.6% of the shares of the company are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Up 3.4%

Shares of EDZ stock opened at $30.50 on Wednesday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a one year low of $22.63 and a one year high of $115.90. The stock has a fifty day moving average price of $27.55 and a 200 day moving average price of $34.20.

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

Hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC lifted 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 acquiring an additional 33,253 shares during the period. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter valued at about $1,847,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at about $2,666,000.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

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.