LifeGuide Financial Advisors LLC Sells 1,082 Shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC)

LifeGuide Financial Advisors LLC reduced its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,850 shares of the company’s stock after selling 1,082 shares during the quarter. LifeGuide Financial Advisors LLC’s holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EDC. Flow Traders U.S. LLC increased its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 12.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 64,893 shares of the company’s stock worth $2,464,000 after buying an additional 7,274 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 57.2% during the third quarter. Virtu Financial LLC now owns 75,880 shares of the company’s stock worth $2,881,000 after acquiring an additional 27,602 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 3rd quarter worth $7,643,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

Shares of EDC opened at $29.94 on Wednesday. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1 year low of $25.01 and a 1 year high of $41.94. The stock has a market capitalization of $80.24 million, a price-to-earnings ratio of 12.03 and a beta of 2.74. The business’s 50 day simple moving average is $30.26 and its 200-day simple moving average is $32.82.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Profile

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.