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

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 7,317 shares, a drop of 61.9% from the February 26th total of 19,216 shares. Based on an average daily trading volume, of 57,220 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the company’s shares are short sold.

Direxion Daily Mid Cap Bull 3X Shares Stock Down 4.4%

Shares of MIDU traded down $2.39 during mid-day trading on Thursday, hitting $51.58. 20,189 shares of the company’s stock traded hands, compared to its average volume of 46,114. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $25.30 and a 1 year high of $66.01. The firm has a market capitalization of $72.21 million, a P/E ratio of 18.98 and a beta of 3.25. The business’s 50-day moving average price is $58.57 and its 200-day moving average price is $53.74.

Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares

Several large investors have recently added to or reduced their stakes in MIDU. Stone House Investment Management LLC raised its holdings in Direxion Daily Mid Cap Bull 3X Shares by 10.0% in the 4th quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock worth $195,000 after purchasing an additional 350 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the 4th quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 421 shares in the last quarter. Jane Street Group LLC increased its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 6.3% during the fourth quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $388,000 after buying an additional 453 shares during the period. Tucker Asset Management LLC bought a new position in Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter worth about $36,000. Finally, Toth Financial Advisory Corp raised its stake in Direxion Daily Mid Cap Bull 3X Shares by 206.4% in the third quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock worth $735,000 after buying an additional 9,767 shares in the last quarter.

About Direxion Daily Mid Cap Bull 3X Shares

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.