Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) Shares Shorted: Short Interest Up 153.4% in October

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 34,174 shares, a growth of 153.4% from the October 15th total of 13,487 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 28,067 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily Mid Cap Bull 3X ETF Stock Down 1.3%

Shares of Direxion Daily Mid Cap Bull 3X ETF stock traded down $0.83 during mid-day trading on Friday, hitting $61.69. The stock had a trading volume of 8,718 shares, compared to its average volume of 29,534. The firm has a 50-day moving average of $62.45 and a two-hundred day moving average of $64.34. The firm has a market cap of $61.69 million, a P/E ratio of 18.70 and a beta of 3.06. Direxion Daily Mid Cap Bull 3X ETF has a 12-month low of $42.74 and a 12-month high of $77.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Mid Cap Bull 3X ETF stock. Toth Financial Advisory Corp bought a new position in shares of Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,219 shares of the company’s stock, valued at approximately $72,000. Toth Financial Advisory Corp owned about 0.12% of Direxion Daily Mid Cap Bull 3X ETF as of its most recent SEC filing.

Direxion Daily Mid Cap Bull 3X ETF 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.