Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Declines By 62.3%

Posted by Donna Armstrong on Mar 26th, 2026

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC – Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 94,292 shares, a drop of 62.3% from the February 26th total of 250,276 shares. Approximately 3.5% of the company’s shares are sold short. Based on an average trading volume of 365,446 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of EDC. Covestor Ltd lifted its stake 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 purchasing an additional 1,205 shares during the last quarter. Great Oak Capital Partners LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the third quarter worth about $212,000. Millington Financial Advisors LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the second quarter worth about $235,000. PMV Capital Advisers LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter valued at about $256,000. Finally, Great Hill Capital LLC purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter valued at about $528,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Trading Down 10.1%

Shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares stock traded down $5.93 on Thursday, hitting $52.51. 224,279 shares of the company traded hands, compared to its average volume of 212,489. The company has a market cap of $140.73 million, a PE ratio of 15.39 and a beta of 1.93. The stock’s 50 day moving average price is $67.59 and its 200-day moving average price is $58.19. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52 week low of $20.13 and a 52 week high of $82.43.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

(Get Free Report)

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.