Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Drops By 80.5%

by · The Markets Daily

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 26,473 shares, a decrease of 80.5% from the March 15th total of 135,944 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 354,236 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bear 3X Shares

Several hedge funds have recently made changes to their positions in EDZ. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $2,666,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $1,847,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after purchasing an additional 33,253 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

NYSEARCA:EDZ traded down $0.26 during trading hours on Friday, hitting $24.03. The company’s stock had a trading volume of 125,177 shares, compared to its average volume of 255,785. The stock has a fifty day moving average of $27.61 and a 200-day moving average of $33.06. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 52-week low of $22.63 and a 52-week high of $91.10.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

(Get Free Report)

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.

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