Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) Short Interest Down 41.7% in April

Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 63,935 shares, a decline of 41.7% from the April 15th total of 109,635 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 32,427 shares, the short-interest ratio is presently 2.0 days.

Direxion Daily MSCI India Bull 2x Shares Price Performance

Direxion Daily MSCI India Bull 2x Shares stock traded down $0.34 during mid-day trading on Monday, reaching $42.86. The stock had a trading volume of 19,418 shares, compared to its average volume of 33,111. The company has a market capitalization of $55.72 million, a price-to-earnings ratio of 23.82 and a beta of 0.95. The company has a 50-day moving average price of $44.65 and a two-hundred day moving average price of $51.68. Direxion Daily MSCI India Bull 2x Shares has a one year low of $38.90 and a one year high of $63.92.

Hedge Funds Weigh In On Direxion Daily MSCI India Bull 2x Shares

An institutional investor recently bought a new position in Direxion Daily MSCI India Bull 2x Shares stock. Virtu Financial LLC bought a new stake in shares of Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,190 shares of the company’s stock, valued at approximately $2,058,000. Virtu Financial LLC owned 3.15% of Direxion Daily MSCI India Bull 2x Shares as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily MSCI India Bull 2x Shares Company Profile

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.