Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Drops By 36.9%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 48,300 shares, a decrease of 36.9% from the September 30th total of 76,500 shares. Approximately 14.6% of the company’s stock are short sold. Based on an average trading volume of 41,600 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 41,600 shares, the short-interest ratio is currently 1.2 days. Approximately 14.6% of the company’s stock are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Trading Down 1.8%

EDZ traded down $0.65 during trading on Monday, hitting $35.19. The company had a trading volume of 30,087 shares, compared to its average volume of 42,603. The business has a 50-day moving average of $41.23 and a 200-day moving average of $52.81. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1-year low of $33.96 and a 1-year high of $115.90.

Institutional Trading of 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 holdings 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 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.