Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC)
Direxion Daily MSCI Emerging Markets Bull 3X Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $78.03, up 4.65% on the session, giving a market capitalisation of $166.3M. Its beta of 2.56 implies it has historically moved more than the broad market.
EDC is an aggressive one-day bet on the widely followed MSCI Emerging Markets Index. The fund promises to provide 300% of the return of the index, which is a cap-weighted composite of emerging markets firms covering 85% of the market cap in those countries every day. This means heavy exposure to financials and technology, as well as to firms in China, South Korea, and Taiwan. As with most leveraged funds, it's designed to provide this exposure only for one trading day. Holding the fund for longer than one day will expose investors to the effects of compounding and may create significant drift between the expected return and what is actually realized. Also, consider that EDC is designed to be a short-term trading vehicle, not a long-term investment, so trading costs have a bigger impact than the expense ratio. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.
Direxion Daily MSCI Emerging Markets Bull 3X Shares is most often compared with the following Financial Services names: