Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Sees Large Drop in Short Interest

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 76,500 shares, a decrease of 86.7% from the September 15th total of 573,100 shares. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is presently 1.9 days.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Up 0.2%

NYSEARCA EDZ opened at $38.02 on Friday. The company has a fifty day simple moving average of $44.09 and a 200 day simple moving average of $57.74. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $37.18 and a 1 year high of $115.90.

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

A hedge fund recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC increased its position in shares of 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 filing with the Securities and Exchange Commission. The firm owned 81,192 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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.