Direxion Daily MSCI Emerging Markets Bear 3X Shares Price & Performance (EDZ)

Leveraged ETFs saw significant movements in February, with GraniteShares 2x Long BABA Daily ETF leading the pack, achieving a 31.47% weekly return. This was driven by Alibaba’s strong earnings and AI investment plans. Other ETFs like ProShares Ultra Bloomberg Natural Gas also surged, benefiting from weather-driven natural gas price increases.1

The Direxion Daily MSCI Emerging Markets Bear -3x Shares (EDZ) is seeing active trading strategies. Analysts suggest buying above $7.47 with a target of $7.88 or shorting near $7.47 with a target of $6.85. Resistance at $7.47 is a key level to watch, impacting both long and short plans.2

SPDR Gold Shares (GLD) recorded $1.95 billion in inflows as gold prices approached record highs. This marks the fund’s largest one-day inflow since 2022. Investors are turning to gold amid a weaker dollar and global trade uncertainties, making the metal a popular safe-haven asset.3