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

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,034 shares, a growth of 108.8% from the July 15th total of 10,073 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 12,964 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of MIDU. IMC Chicago LLC acquired a new stake in Direxion Daily Mid Cap Bull 3X Shares during the 1st quarter valued at approximately $325,000. Jane Street Group LLC raised its holdings 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 worth $388,000 after purchasing an additional 453 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Direxion Daily Mid Cap Bull 3X Shares during the fourth quarter valued at $36,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 421 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Mid Cap Bull 3X Shares in the third quarter valued at $1,585,000.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

Direxion Daily Mid Cap Bull 3X Shares stock opened at $77.85 on Monday. The business’s 50-day simple moving average is $71.30 and its two-hundred day simple moving average is $64.42. The company 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 has a fifty-two week low of $42.74 and a fifty-two week high of $77.88.

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.