Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Sees Large Growth in Short Interest

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 15,337 shares, an increase of 86.2% from the May 31st total of 8,236 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 28,923 shares, the short-interest ratio is currently 0.5 days.

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

Several large investors have recently bought and sold shares of MIDU. Farther Finance Advisors LLC raised its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the 4th quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock worth $27,000 after buying an additional 421 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter valued at approximately $36,000. Stone House Investment Management LLC increased its stake in shares of 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 acquiring an additional 350 shares during the period. IMC Chicago LLC acquired a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the first quarter valued at approximately $325,000. Finally, Jane Street Group LLC raised its holdings in Direxion Daily Mid Cap Bull 3X Shares by 6.3% during the fourth quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock worth $388,000 after purchasing an additional 453 shares in the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Trading Down 2.6%

MIDU traded down $1.97 during trading on Wednesday, reaching $72.88. 11,812 shares of the company were exchanged, compared to its average volume of 37,181. The firm has a 50 day moving average of $67.58 and a 200 day moving average of $60.84. The stock has a market cap of $80.17 million, a P/E ratio of 18.98 and a beta of 3.03. Direxion Daily Mid Cap Bull 3X Shares has a 52 week low of $42.69 and a 52 week high of $75.06.

Direxion Daily Mid Cap Bull 3X Shares Company Profile

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.