Short Interest in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Rises By 93.0%

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 247,971 shares, an increase of 93.0% from the April 15th total of 128,464 shares. Based on an average trading volume of 1,607,109 shares, the short-interest ratio is currently 0.2 days. Currently, 25.3% of the company’s stock are sold short.

Direxion Daily MU Bear 1X Shares Trading Up 6.7%

Shares of NASDAQ:MUD traded up $1.16 during trading hours on Friday, hitting $18.60. The company’s stock had a trading volume of 10,443,552 shares, compared to its average volume of 2,677,167. Direxion Daily MU Bear 1X Shares has a 52 week low of $16.51 and a 52 week high of $216.00. The firm’s fifty day moving average price is $32.43 and its 200 day moving average price is $48.64.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bear 1X Shares

A number of hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its position in Direxion Daily MU Bear 1X Shares by 40.5% during the 3rd quarter. Susquehanna International Group LLP now owns 20,616 shares of the company’s stock valued at $228,000 after acquiring an additional 5,941 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Direxion Daily MU Bear 1X Shares by 72.7% in the 3rd quarter. Optiver Holding B.V. now owns 29,172 shares of the company’s stock worth $322,000 after acquiring an additional 12,277 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily MU Bear 1X Shares during the 4th quarter worth $133,000.

About Direxion Daily MU Bear 1X Shares

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.