Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Drops By 37.0%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 76,485 shares, a drop of 37.0% from the April 15th total of 121,357 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 471,517 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares

Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC raised its holdings in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% during the 1st quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock worth $31,000 after buying an additional 878 shares during the period. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter worth approximately $1,847,000. Virtu Financial LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the 4th quarter worth approximately $2,666,000. Finally, Flow Traders U.S. LLC grew its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after acquiring an additional 33,253 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

EDZ stock traded up $0.37 during mid-day trading on Tuesday, hitting $19.24. 411,109 shares of the company were exchanged, compared to its average volume of 280,077. The firm’s 50 day simple moving average is $24.71 and its 200 day simple moving average is $29.79. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1-year low of $16.54 and a 1-year high of $67.50.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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.