Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Stock Price Down 19.6% – What’s Next?

by · The Markets Daily

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC – Get Free Report)’s stock price traded down 19.6% during trading on Friday . The stock traded as low as $75.72 and last traded at $76.57. 306,999 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 180,401 shares. The stock had previously closed at $95.28.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Trading Down 19.6%

The firm’s 50-day moving average price is $77.30 and its two-hundred day moving average price is $67.01. The stock has a market cap of $193.72 million, a PE ratio of 15.39 and a beta of 2.18.

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

Several hedge funds and other institutional investors have recently bought and sold shares of EDC. Great Hill Capital LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 3rd quarter worth $528,000. IMC Chicago LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the first quarter valued at approximately $517,000. PMV Capital Advisers LLC increased its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after buying an additional 5,887 shares during the period. Optiver Holding B.V. raised its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% during the 1st quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock worth $203,000 after buying an additional 824 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter worth approximately $604,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

(Get Free Report)

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.

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