Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) Shares Shorted: Short Interest Up 190.5% in September

Direxion Daily MSCI Emerging Markets Bull 3X ETF (NYSEARCA:EDC) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 140,378 shares, an increase of 190.5% from the September 15th total of 48,331 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 52,472 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EDC. IMC Chicago LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF in the first quarter worth approximately $517,000. Virtu Financial LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF during the fourth quarter valued at about $1,693,000. PMV Capital Advisers LLC grew its position in Direxion Daily MSCI Emerging Markets Bull 3X ETF by 422.0% during the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after acquiring an additional 5,887 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X ETF during the third quarter valued at approximately $76,000. Finally, Allied Private Wealth LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X ETF during the 2nd quarter valued at $89,000.

Direxion Daily MSCI Emerging Markets Bull 3X ETF Price Performance

Shares of EDC stock opened at $72.58 on Wednesday. Direxion Daily MSCI Emerging Markets Bull 3X ETF has a 1 year low of $46.64 and a 1 year high of $103.88. The company’s fifty day simple moving average is $78.60 and its two-hundred day simple moving average is $78.64. The stock has a market capitalization of $150.97 million, a price-to-earnings ratio of 15.39 and a beta of 2.23.

About Direxion Daily MSCI Emerging Markets Bull 3X ETF

The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.