Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Shares Shorted: Short Interest Up 281.5% in October

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 585,195 shares, a growth of 281.5% from the September 30th total of 153,380 shares. Approximately 15.1% of the company’s shares are short sold. Based on an average daily volume of 7,505,196 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily MU Bear 1X ETF Price Performance

MUD traded down $0.59 during trading on Wednesday, hitting $9.67. 12,436,245 shares of the company’s stock were exchanged, compared to its average volume of 7,458,121. The stock has a 50 day moving average price of $10.04 and a 200 day moving average price of $22.01. Direxion Daily MU Bear 1X ETF has a 1 year low of $8.73 and a 1 year high of $90.06.

About Direxion Daily MU Bear 1X ETF

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.