Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Shares Down 4.2%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) shares traded down 4.2% on Friday . The company traded as low as $57.50 and last traded at $57.50, 18,774 shares traded hands during mid-day trading. A decline of 92% from the average session volume of 238,261 shares. The stock had previously closed at $60.05.

The stock’s 50 day simple moving average is $70.32 and its two-hundred day simple moving average is $75.68.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pension Partners LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter worth approximately $12,184,000. Ackerman Capital Advisors LLC lifted its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 107.5% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 20,284 shares of the company’s stock worth $1,584,000 after purchasing an additional 10,510 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter worth approximately $1,130,000. Resources Investment Advisors LLC. lifted its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 85.4% in the 2nd quarter. Resources Investment Advisors LLC. now owns 6,726 shares of the company’s stock worth $526,000 after purchasing an additional 3,099 shares in the last quarter. Finally, XR Securities LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter worth approximately $454,000.

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