Direxion Daily MSCI Emerging Markets Bear 3X ETF
EDZ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Dec 30, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the inverse (or opposite) of the performance of the MSCI Emerging Markets Index. The fund employs derivatives such as swaps and futures to achieve its short strategy, providing exposure to large- and mid-capitalization companies across emerging markets including China, Taiwan, India, South Korea and Brazil; it features a net expense ratio of 1.61%, assets under management of approximately $10.51 million, and quarterly income distributions, with the most recent ex-dividend date on June 24, 2025. Launched on December 17, 2008, EDZ trades on the NYSE Arca exchange and targets sophisticated investors seeking magnified short-term bearish perspectives on emerging markets volatility. Direxion, the issuer founded in 1997 and headquartered at 1301 Avenue of the Americas in New York, New York, specializes in a broad lineup of daily leveraged (up to 3X) and inverse ETFs across sectors, single stocks, commodities and indices, including its complementary bull counterpart Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC); the firm operates primarily in the United States with additional offices in Hong Kong. In recent developments, Direxion selected SS&C ALPS Distributors in September 2024 to provide medallion distribution services, underwriting, FINRA compliance and registered fund services for its ETF and mutual fund range, enhancing its distribution strategy and growth objectives. The company has aggressively expanded its single-stock leveraged and inverse ETF offerings in 2025, launching funds for stocks including Ford (July 2025), Cisco and Qualcomm (June 2025), Boeing and Exxon Mobil (April 2025), Eli Lilly and Palo Alto Networks (March 2025), and Oracle, Coinbase, Robinhood and Intel (November 2025), alongside appointing Mo Sparks as Chief Product Officer in April 2025; it also announced reverse splits for select funds including EDZ effective September 26, 2025, and closures of two non-core ETFs in June 2025.