EDZ - Direxion Daily MSCI Emerging Markets Bear 3X ETF
The Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) is structured to deliver daily investment outcomes that reflect three times the inverse (or opposite) performance of the MSCI Emerging Markets Index. This target is measured before accounting for any fees or expenses. Investors should be aware, however, that there is no certainty these funds will consistently achieve their stated daily investment objectives.
As of Jun 30, 2026: spot at $14.48, ATM IV 131.7%, max pain $21.00, net GEX $14.0K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $6.7M
- Beta
- -2.22
- 52-Week Range
- 13.06-55.2
- Dividend Yield
- $1.17
- IPO Date
- Dec 30, 2008
- Exchange
- AMEX
What EDZ Looks Like to Options Traders Today
IV rank of 73.2% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($14.0K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.060) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The EDZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked EDZ overview questions
- What is EDZ?
- EDZ is the ticker symbol for Direxion Daily MSCI Emerging Markets Bear 3X ETF, an listed exchange-traded fund. The Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) is structured to deliver daily investment outcomes that reflect three times the inverse (or opposite) performance of the MSCI Emerging Markets Index. This target is measured before accounting for any fees or expenses. Listed on AMEX. EDZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the EDZ options snapshot look like today?
- As of Jun 30, 2026, the EDZ options snapshot shows spot at $14.48, ATM IV 131.7%, IV rank 73.2%, max pain $21.00, net GEX $14.0K, expected move 37.76%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are EDZ's key statistics?
- Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) carries a market capitalization of $6.7M, 52-week range of 13.06-55.2. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does EDZ belong to?
- Direxion Daily MSCI Emerging Markets Bear 3X ETF operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare EDZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the EDZ data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.