Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) Sees Significant Decline in Short Interest

Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 63,935 shares, a decrease of 41.7% from the April 15th total of 109,635 shares. Based on an average trading volume of 32,427 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Direxion Daily MSCI India Bull 2x Shares

An institutional investor recently bought a new position in Direxion Daily MSCI India Bull 2x Shares stock. Marshall Wace LLP acquired a new stake in Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,107 shares of the company’s stock, valued at approximately $1,331,000. Marshall Wace LLP owned 1.69% of Direxion Daily MSCI India Bull 2x Shares at the end of the most recent reporting period.

Direxion Daily MSCI India Bull 2x Shares Price Performance

Shares of INDL opened at $42.86 on Tuesday. The firm has a market capitalization of $55.72 million, a PE ratio of 23.82 and a beta of 0.95. The company’s 50-day moving average is $44.65 and its 200-day moving average is $51.68. Direxion Daily MSCI India Bull 2x Shares has a fifty-two week low of $38.90 and a fifty-two week high of $63.92.

Direxion Daily MSCI India Bull 2x Shares Company Profile

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.