Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 39,861 shares, a growth of 85.7% from the September 15th total of 21,466 shares. Based on an average daily trading volume, of 20,659 shares, the short-interest ratio is presently 1.9 days. Approximately 4.2% of the shares of the stock are sold short.
Direxion Daily FTSE Europe Bull 3X ETF Stock Performance
Shares of Direxion Daily FTSE Europe Bull 3X ETF stock traded up $0.19 on Friday, hitting $42.54. 14,669 shares of the company traded hands, compared to its average volume of 37,034. The stock has a market capitalization of $40.41 million, a P/E ratio of 18.49 and a beta of 2.49. Direxion Daily FTSE Europe Bull 3X ETF has a 52 week low of $32.90 and a 52 week high of $52.77. The business has a 50-day simple moving average of $46.68 and a 200 day simple moving average of $45.67.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in EURL. Summit Financial Strategies Inc. bought a new stake in shares of Direxion Daily FTSE Europe Bull 3X ETF in the 2nd quarter worth about $231,000. Innova Wealth Partners bought a new position in Direxion Daily FTSE Europe Bull 3X ETF during the 1st quarter valued at about $292,000. Finally, PMV Capital Advisers LLC grew its holdings in Direxion Daily FTSE Europe Bull 3X ETF by 173.1% during the 1st quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after purchasing an additional 9,775 shares during the last quarter.
About Direxion Daily FTSE Europe Bull 3X ETF
The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.
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