Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Update

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 82,053 shares, a growth of 202.6% from the January 15th total of 27,116 shares. Currently, 10.7% of the company’s stock are sold short. Based on an average daily trading volume, of 62,934 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 62,934 shares, the short-interest ratio is currently 1.3 days. Currently, 10.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily MSCI Mexico Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily MSCI Mexico Bull 3X Shares stock. Jane Street Group LLC raised its position in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,517 shares of the company’s stock after purchasing an additional 9,790 shares during the quarter. Jane Street Group LLC owned 5.65% of Direxion Daily MSCI Mexico Bull 3X Shares worth $1,087,000 at the end of the most recent reporting period.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

Shares of Direxion Daily MSCI Mexico Bull 3X Shares stock traded up $1.47 on Friday, hitting $38.52. The company had a trading volume of 39,198 shares, compared to its average volume of 54,433. The stock has a 50-day moving average of $29.36 and a 200-day moving average of $23.63. Direxion Daily MSCI Mexico Bull 3X Shares has a twelve month low of $8.44 and a twelve month high of $39.27. The firm has a market capitalization of $29.66 million, a P/E ratio of 13.94 and a beta of 2.92.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.