Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Update

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,703 shares, a decrease of 63.2% from the January 15th total of 31,788 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 42,990 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 42,990 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the third quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock worth $2,234,000 after buying an additional 36,571 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the third quarter worth about $1,585,000. Toth Financial Advisory Corp lifted its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the third quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock worth $735,000 after purchasing an additional 9,767 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter worth about $36,000. Finally, Farther Finance Advisors LLC increased its holdings in Direxion Daily Mid Cap Bull 3X Shares by 408.7% in the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after buying an additional 421 shares during the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

Shares of NYSEARCA MIDU opened at $64.05 on Wednesday. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $25.30 and a 1 year high of $64.87. The stock’s 50-day simple moving average is $56.05 and its 200-day simple moving average is $51.68. The firm has a market cap of $89.67 million, a price-to-earnings ratio of 18.98 and a beta of 3.25.

About Direxion Daily Mid Cap Bull 3X Shares

The Direxion Daily Mid Cap Bull 3X Shares (MIDU) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund provides 3x leveraged exposure to a market cap-weighted index of US mid-cap companies. MIDU was launched on Jan 8, 2009 and is managed by Direxion.