EDZ Stock Summary and Trading Ideas (Direxion Daily MSCI Emerging Markets Bear 3X | ARCA:EDZ)

The Direxion Daily MSCI Emerging Markets Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the MSCI Emerging Markets Index.

Direxion Daily MSCI Emerging Markets Bear 3X trades on the ARCA stock market under the symbol EDZ.

As of April 18, 2024, EDZ stock price declined to $11.44 with 73,929 million shares trading.

EDZ has a beta of -2.53, meaning it tends to be less sensitive to market movements. EDZ has a correlation of 0.49 to the broad based SPY ETF.

EDZ has a market cap of $23.97 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, EDZ stock traded as high as $22.17 and as low as $7.26.

EDZ has underperformed the market in the last year with a return of -1.2%, while the SPY ETF gained +22.3%. In the last 3 month period, EDZ fell short of the market, returning -13.4%, while SPY returned +6.1%. However, in the most recent 2 weeks EDZ has outperformed the stock market by returning +11.4%, while SPY returned -3.8%.

EDZ support price is $11.26 and resistance is $11.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EDZ stock will trade within this expected range on the day.