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

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 31,788 shares, an increase of 95.4% from the December 31st total of 16,272 shares. Based on an average daily volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.3% of the shares of the company are sold short. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily Mid Cap Bull 3X Shares Trading Down 2.8%

Shares of NYSEARCA:MIDU opened at $56.40 on Friday. Direxion Daily Mid Cap Bull 3X Shares has a 12-month low of $25.30 and a 12-month high of $62.28. The company has a market cap of $78.96 million, a PE ratio of 18.98 and a beta of 3.25. The stock has a 50 day moving average of $54.54 and a 200 day moving average of $51.03.

Hedge Funds Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 421 shares in the last quarter. Stone House Investment Management LLC boosted its stake in Direxion Daily Mid Cap Bull 3X Shares by 10.0% during the fourth quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock valued at $195,000 after buying an additional 350 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock valued at $735,000 after buying an additional 9,767 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily Mid Cap Bull 3X Shares in the 3rd quarter worth approximately $1,585,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Mid Cap Bull 3X Shares by 487.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock worth $2,234,000 after acquiring an additional 36,571 shares in the last quarter.

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.