Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Shares Scheduled to Reverse Split on Monday, September 29th

Shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) are going to reverse split on Monday, September 29th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 28th.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

EDZ stock opened at $4.07 on Thursday. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12-month low of $3.98 and a 12-month high of $11.59. The company’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $6.23.

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

An institutional investor recently raised its position in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) by 69.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,192 shares of the company’s stock after purchasing an additional 33,253 shares during the period. Flow Traders U.S. LLC owned 2.71% of Direxion Daily MSCI Emerging Markets Bear 3X Shares worth $437,000 as of its most recent SEC filing.

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.