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

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 214,293 shares, a growth of 243.5% from the May 31st total of 62,392 shares. Approximately 12.8% of the shares of the stock are short sold. Based on an average daily volume of 302,036 shares, the short-interest ratio is currently 0.7 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC boosted its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the 1st quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock valued at $31,000 after acquiring an additional 878 shares during the period. Jane Street Group LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter worth approximately $1,847,000. Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at approximately $2,666,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after purchasing an additional 33,253 shares during the period.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

Shares of NYSEARCA:EDZ opened at $15.31 on Friday. The firm has a fifty day moving average price of $17.48 and a two-hundred day moving average price of $25.52. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a one year low of $13.06 and a one year high of $55.20.

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.