Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
17.34 USD
+0.88
(5.346%)
⇧
(Oct. 16, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:57 a.m. EDT
This inverse leveraged ETF is currently trading at a severe discount to its moving averages, having lost nearly 32% over the last 200 days, which suggests the market expects further deterioration in emerging markets. The 5.92% yield is misleading; it is an artifact of the price collapse rather than a sustainable income stream, and buying such a volatile instrument for yield is a dangerous strategy. On the short end, the technicals are bearish with the price well below key averages, and options flow confirms heavy positioning against a rise. Long-term, the compounding decay inherent in leveraged products makes holding this for years unattractive unless the underlying asset rallies sharply and quickly. The statistical forecast model offers a weak lean to the downside, but given the low confidence score, it adds little weight to the already bearish technical picture. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.050035 |
| AutoETS | 0.053904 |
| MSTL | 0.056757 |
| AutoTheta | 0.062412 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 32% |
| H-stat | 6.10 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.093 |
| Excess Kurtosis | 0.94 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.88 |
As of Oct. 10, 2026, 3:57 a.m. EDT: Speculators are overwhelmingly positioned for further downside, evidenced by massive open interest in out-of-the-money puts (strikes 19, 20, 45) compared to negligible call activity. While there is some speculative call volume at distant strikes (25, 31), the dominant theme is hedging or betting on continued weakness in emerging markets, with implied volatility significantly elevated on deep out-of-the-money puts.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.39% | 4.23% | 4.46% | 3.31% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.182 | 1.389313 |
| 2026-06-23 | 0.224 | 1.461187 |
| 2026-03-24 | 0.254 | 0.832787 |
| 2025-12-23 | 0.198 | 0.545455 |
| 2025-09-23 | 0.490 | 1.212871 |
| 2025-06-24 | 0.620 | 1.133455 |
| 2025-03-25 | 1.030 | 1.382550 |
| 2024-12-23 | 0.300 | 0.343643 |
| 2024-09-24 | 1.060 | 1.411451 |
| 2024-06-25 | 1.280 | 1.380798 |
| 2024-03-19 | 1.810 | 1.688433 |
| 2023-12-21 | 0.700 | 0.608696 |
| 2023-09-19 | 1.290 | 1.011765 |
| 2023-06-21 | 1.240 | 1.054422 |
| 2023-03-21 | 1.520 | 1.103048 |
| 2020-03-24 | 0.860 | 0.149383 |
| 2019-12-23 | 0.830 | 0.243974 |
| 2019-09-24 | 1.440 | 0.309877 |
| 2019-06-25 | 1.850 | 0.420359 |
| 2019-03-19 | 1.490 | 0.353416 |
| 2018-12-27 | 2.490 | 0.411434 |
| 2018-09-25 | 0.990 | 0.194118 |
| 2018-03-20 | 0.600 | 0.160428 |
| Attribute | Value |
|---|---|
| All Time High | 239,525.0 |
| All Time Low | 8.88 |
| Ask | 17.98 |
| Ask Size | 700 |
| Average Daily Volume10 Day | 317,010 |
| Average Daily Volume3 Month | 264,485 |
| Average Volume | 264,485 |
| Average Volume10Days | 317,010 |
| Beta3 Year | -2.09 |
| Bid | 17.29 |
| Bid Size | 2,200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 17.4101 |
| Day Low | 16.76 |
| Display Name | Daily MSCI EM Bear 3X Shares |
| Dividend Yield | 5.92 |
| Eps Trailing Twelve Months | 0.918515 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 14.7126 |
| Fifty Day Average Change | 2.6274004 |
| Fifty Day Average Change Percent | 0.17858166 |
| Fifty Two Week Change Percent | -52.45407 |
| Fifty Two Week High | 42.18 |
| Fifty Two Week High Change | -24.84 |
| Fifty Two Week High Change Percent | -0.5889047 |
| Fifty Two Week Low | 13.02 |
| Fifty Two Week Low Change | 4.3199997 |
| Fifty Two Week Low Change Percent | 0.3317972 |
| Fifty Two Week Range | 13.02 - 42.18 |
| First Trade Date Milliseconds | 1,230,647,400,000 |
| Five Year Average Return | -0.256128 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.88000107 |
| Fullday Change Percent | 5.3463006 |
| Fullday Price | 17.34 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,229,472,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across 24 emerging market countries. The fund is non-diversified. |
| Long Name | Direxion Daily MSCI Emerging Markets Bear 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_51731898 |
| Nav Price | 16.441 |
| Net Assets | 28,762,610.0 |
| Net Expense Ratio | 1.05 |
| Open | 16.69 |
| Phone | 866-476-7523 |
| Previous Close | 16.46 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.880001 |
| Regular Market Change Percent | 5.3463 |
| Regular Market Day High | 17.4101 |
| Regular Market Day Low | 16.76 |
| Regular Market Day Range | 16.76 - 17.4101 |
| Regular Market Open | 16.69 |
| Regular Market Previous Close | 16.46 |
| Regular Market Price | 17.34 |
| Regular Market Time | 1,792,180,800 |
| Regular Market Volume | 223,141 |
| Short Name | Direxion Emerging Markets Bear |
| Source Interval | 15 |
| Symbol | EDZ |
| Three Year Average Return | -0.4861694 |
| Total Assets | 28,762,610 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.878298 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.3595 |
| Trailing Three Month Returns | 1.3595 |
| Triggerable | 1 |
| Two Hundred Day Average | 20.51175 |
| Two Hundred Day Average Change | -3.171749 |
| Two Hundred Day Average Change Percent | -0.15463084 |
| Type Disp | ETF |
| Volume | 223,141 |
| Yield | 0.0592 |
| Ytd Return | -57.83869 |