Direxion Daily Emr Mkts Bull 3x Shs(ETF) (NYSEARCA:EDC) Disappoints Its Investors


Dallas, Texas 01/09/2014 (FINANCIALSTRENDS) – Direxion Daily Emr Mkts Bull 3x Shs(ETF) (NYSEARCA:EDC) is an exchange traded fund which tracks its returns and gains against those provided by the Emerging markets index.  The fund has garnered a market value of $297 million and has been a under performer amongst the various emerging markets linked funds.

In the past one year of trading the stock of Direxion Daily Emr Mkts Bull 3x Shs(ETF) (NYSEARCA:EDC) has posted close to 31.8 percent loss in its market value. These losses level out to 11.2 percent depreciation in the past one quarter. This loss in the investor confidence continues to stay in the range of 13 to 14 percent for trading duration for the past week and one month time frame. During trading on January 8, the stock was trading at $24.6 per share, down 0.56 percent in comparison to previous day close. At these price points the stock is trading 34.7 percent below its 52 week high price point and about 31 percent above its 52 week low price point.

Direxion Daily Emr Mkts Bull 3x Shs(ETF) (NYSEARCA:EDC) stock is trading range bound between $18.72 and $37.83 over the past one year time frame. Its investors have earned a negligible $0.03 per share as dividend through the whole of last year. This payout translates into a annual dividend yield of 0.12% which in tandem with the 31 percent loss in market value translates into a loss making scenario for its investors.

The continued loss of investor value in Direxion Daily Emr Mkts Bull 3x Shs(ETF) (NYSEARCA:EDC) can be explained by the relative slow down that the emerging market economies have gone through in the past one year. Countries like Brazil and India have reported their economies slowing down considerably, while China and Russia have just about managed to show growth.