Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) Stock Short Interest Report for September

Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 44,119 shares, an increase of 58.9% from the September 15th total of 27,773 shares. Based on an average daily trading volume, of 12,903 shares, the short-interest ratio is currently 3.4 days. Approximately 3.5% of the company’s stock are sold short.

Direxion Daily MSCI India Bull 2X ETF Stock Performance

NYSEARCA INDL traded up $0.00 during trading on Friday, reaching $41.55. 7,544 shares of the company’s stock were exchanged, compared to its average volume of 23,799. The company has a 50 day moving average price of $42.86 and a two-hundred day moving average price of $43.91. The stock has a market cap of $54.02 million, a P/E ratio of 23.82 and a beta of 0.93. Direxion Daily MSCI India Bull 2X ETF has a 1 year low of $37.25 and a 1 year high of $61.00.

Hedge Funds Weigh In On Direxion Daily MSCI India Bull 2X ETF

A hedge fund recently bought a new position in Direxion Daily MSCI India Bull 2X ETF stock. Virtu Financial LLC purchased a new stake in Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,190 shares of the company’s stock, valued at approximately $2,058,000. Virtu Financial LLC owned about 3.15% of Direxion Daily MSCI India Bull 2X ETF as of its most recent SEC filing.

About Direxion Daily MSCI India Bull 2X ETF

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.