Short Interest in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Expands By 30.1%

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 19,216 shares, a growth of 30.1% from the February 12th total of 14,773 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 32,769 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 32,769 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the shares of the company are short sold.

Direxion Daily Mid Cap Bull 3X Shares Stock Up 2.0%

Direxion Daily Mid Cap Bull 3X Shares stock opened at $52.00 on Tuesday. The business’s 50-day moving average price is $59.53 and its 200 day moving average price is $53.72. The firm has a market cap of $72.80 million, a price-to-earnings ratio of 18.98 and a beta of 3.25. Direxion Daily Mid Cap Bull 3X Shares has a 52 week low of $25.30 and a 52 week high of $66.01.

Institutional Investors Weigh In On Direxion Daily Mid Cap Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in MIDU. Toth Financial Advisory Corp increased its holdings in shares of Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock valued at $735,000 after purchasing an additional 9,767 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Mid Cap Bull 3X Shares by 487.1% during the third 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 in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily Mid Cap Bull 3X Shares during the third quarter valued at $1,585,000. Stone House Investment Management LLC grew its position in 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 buying an additional 350 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Direxion Daily Mid Cap Bull 3X Shares by 408.7% in the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after buying an additional 421 shares in the last quarter.

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.