Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Sees Large Decrease in Short Interest

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 153,380 shares, a drop of 58.2% from the September 15th total of 366,961 shares. Based on an average daily volume of 5,784,556 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.6% of the company’s shares are sold short.

Direxion Daily MU Bear 1X ETF Trading Up 4.0%

Shares of NASDAQ:MUD traded up $0.40 during midday trading on Wednesday, reaching $10.51. The company had a trading volume of 6,800,873 shares, compared to its average volume of 7,472,868. The company has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $15.91. Direxion Daily MU Bear 1X ETF has a 1-year low of $8.73 and a 1-year high of $96.74.

About Direxion Daily MU Bear 1X ETF

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.