Short Interest in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Drops By 57.6%

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,272 shares, a drop of 57.6% from the December 15th total of 38,373 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 38,446 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 38,446 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp lifted its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the third quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock worth $735,000 after purchasing an additional 9,767 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock worth $2,234,000 after buying an additional 36,571 shares during the period. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Mid Cap Bull 3X Shares in the 3rd quarter worth about $1,585,000.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

Shares of NYSEARCA:MIDU traded down $0.62 during trading hours on Friday, hitting $60.20. 23,765 shares of the company’s stock traded hands, compared to its average volume of 42,515. The firm has a market capitalization of $84.28 million, a P/E ratio of 18.98 and a beta of 3.25. The business has a fifty day moving average price of $52.11 and a 200-day moving average price of $50.26. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $25.30 and a 1 year high of $61.73.

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.