Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Short Interest Up 304.9% in August

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 26,017 shares, a growth of 304.9% from the July 30th total of 6,425 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 14,332 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On Direxion Daily FTSE Europe Bull 3x Shares

A number of hedge funds and other institutional investors have recently modified their holdings of EURL. Cerity Partners LLC bought a new position in Direxion Daily FTSE Europe Bull 3x Shares in the fourth quarter worth approximately $205,000. Millington Financial Advisors LLC bought a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the 4th quarter valued at $228,000. Innova Wealth Partners bought a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the 1st quarter valued at $292,000. PMV Capital Advisers LLC increased its holdings in shares of Direxion Daily FTSE Europe Bull 3x Shares by 173.1% in the 1st quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after acquiring an additional 9,775 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares in the 3rd quarter valued at $1,087,000.

Direxion Daily FTSE Europe Bull 3x Shares Trading Down 1.0%

Shares of Direxion Daily FTSE Europe Bull 3x Shares stock opened at $50.63 on Friday. The firm has a market cap of $55.69 million, a P/E ratio of 18.49 and a beta of 2.49. The stock’s fifty day moving average price is $48.11 and its 200-day moving average price is $45.48. Direxion Daily FTSE Europe Bull 3x Shares has a 12 month low of $32.63 and a 12 month high of $52.77.

Direxion Daily FTSE Europe Bull 3x Shares Company Profile

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.