Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 66,309 shares, a drop of 67.8% from the August 31st total of 206,100 shares. Based on an average daily trading volume, of 170,277 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.5% of the company’s stock are short sold.
Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X ETF
An institutional investor recently raised its stake in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Group One Trading LLC boosted its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ – Free Report) by 507.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,051 shares of the company’s stock after buying an additional 878 shares during the quarter. Group One Trading LLC owned approximately 0.06% of Direxion Daily MSCI Emerging Markets Bear 3X ETF worth $31,000 at the end of the most recent reporting period.
Direxion Daily MSCI Emerging Markets Bear 3X ETF Trading Down 0.3%
NYSEARCA EDZ traded down $0.04 during trading on Tuesday, hitting $14.20. The stock had a trading volume of 19,621 shares, compared to its average volume of 261,253. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 12 month low of $13.02 and a 12 month high of $43.74. The company’s 50-day moving average price is $15.27 and its two-hundred day moving average price is $18.55.
About Direxion Daily MSCI Emerging Markets Bear 3X ETF
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.
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