(EDC) Direxion Daily MSCI - Ratings and Ratios

Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is a leveraged exchange-traded fund (ETF) designed to deliver 3X daily returns of the MSCI Emerging Markets Index. The fund achieves this through a combination of swap agreements, futures contracts, and ETFs tracking the index. It invests at least 80% of its net assets (including leverage) in these financial instruments. The MSCI Emerging Markets Index represents large- and mid-cap securities across 24 emerging market countries, providing exposure to high-growth economies. EDC is classified as a non-diversified fund, meaning it can concentrate investments in a smaller number of securities, which may increase volatility. The fund is primarily used by traders seeking amplified exposure to emerging markets for short-term strategies.

From a technical standpoint, EDC is currently trading at $33.33 with a 20-day moving average of $32.48 and a 50-day moving average of $30.60. The 200-day moving average stands at $32.49, indicating a recent uptrend. The Average True Range (ATR) of 1.18 reflects moderate volatility. With an average daily volume of 147,407 shares, liquidity is sufficient but not exceptional. The funds assets under management (AUM) total $70.01 million, which is relatively modest for a leveraged ETF but sufficient to maintain market presence.