Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Up 57.8% in December

by · The Cerbat Gem

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 107,469 shares, an increase of 57.8% from the November 30th total of 68,112 shares. Based on an average daily volume of 81,343 shares, the short-interest ratio is presently 1.3 days. Currently, 4.9% of the company’s stock are short sold. Currently, 4.9% of the company’s stock are short sold. Based on an average daily volume of 81,343 shares, the short-interest ratio is presently 1.3 days.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Up 1.3%

Direxion Daily MSCI Emerging Markets Bull 3X Shares stock traded up $0.71 during mid-day trading on Tuesday, hitting $55.18. The company had a trading volume of 33,853 shares, compared to its average volume of 99,513. The business has a fifty day moving average of $52.96 and a 200 day moving average of $47.09. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1 year low of $20.13 and a 1 year high of $58.53. The stock has a market cap of $120.28 million, a price-to-earnings ratio of 15.39 and a beta of 1.93.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Millington Financial Advisors LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at about $235,000. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock worth $520,000 after purchasing an additional 10,238 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at about $203,000. 180 Wealth Advisors LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter valued at $239,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter valued at $604,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

(Get Free Report)

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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