Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) Shares Shorted: Short Interest Down 39.8% in September

Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 21,466 shares, a decline of 39.8% from the August 31st total of 35,657 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 12,573 shares, the short-interest ratio is presently 1.7 days.

Direxion Daily FTSE Europe Bull 3X ETF Stock Down 1.3%

Shares of EURL opened at $43.30 on Wednesday. The firm has a market cap of $41.14 million, a PE ratio of 18.49 and a beta of 2.49. The company’s fifty day moving average is $48.54 and its two-hundred day moving average is $45.37. Direxion Daily FTSE Europe Bull 3X ETF has a fifty-two week low of $32.90 and a fifty-two week high of $52.77.

Institutional Investors Weigh In On Direxion Daily FTSE Europe Bull 3X ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Summit Financial Strategies Inc. bought a new position in Direxion Daily FTSE Europe Bull 3X ETF in the second quarter worth about $231,000. Innova Wealth Partners acquired a new position in Direxion Daily FTSE Europe Bull 3X ETF during the 1st quarter valued at about $292,000. Finally, PMV Capital Advisers LLC lifted its position in Direxion Daily FTSE Europe Bull 3X ETF by 173.1% in the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock worth $583,000 after purchasing an additional 9,775 shares during the period.

About Direxion Daily FTSE Europe Bull 3X ETF

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.