Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC – Get Free Report)’s share price shot up 2.9% on Friday . The company traded as high as $76.11 and last traded at $75.40. Approximately 186,685 shares changed hands during trading, an increase of 18% from the average session volume of 158,141 shares. The stock had previously closed at $73.27.
Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Up 2.9%
The company’s fifty day moving average is $81.38 and its 200-day moving average is $74.99. The company has a market cap of $160.60 million, a PE ratio of 15.39 and a beta of 2.22.
Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares
A number of institutional investors and hedge funds have recently modified their holdings of EDC. Allied Private Wealth LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the second quarter valued at $89,000. Optiver Holding B.V. increased its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% during the 1st quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock valued at $203,000 after purchasing an additional 824 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter worth approximately $517,000. PMV Capital Advisers LLC lifted its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after purchasing an additional 5,887 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the fourth quarter worth approximately $1,693,000.
About Direxion Daily MSCI Emerging Markets Bull 3X Shares
The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.
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