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

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 21,034 shares, an increase of 108.8% from the July 15th total of 10,073 shares. Based on an average trading volume of 12,964 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.1% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIDU. Farther Finance Advisors LLC boosted its holdings in 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 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 $36,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares in the first quarter valued at $325,000. Jane Street Group LLC lifted its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 6.3% during the 4th quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $388,000 after acquiring an additional 453 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares during the 3rd quarter valued at $1,585,000.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

NYSEARCA MIDU traded up $0.67 on Friday, reaching $77.85. The company’s stock had a trading volume of 14,543 shares, compared to its average volume of 32,786. Direxion Daily Mid Cap Bull 3X Shares has a twelve month low of $42.74 and a twelve month high of $77.88. The firm’s 50 day moving average is $71.30 and its two-hundred day moving average is $64.38. The stock has a market cap of $77.85 million, a PE ratio of 18.98 and a beta of 3.04.

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.