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

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,272 shares, a drop of 57.6% from the December 15th total of 38,373 shares. Based on an average daily trading volume, of 38,446 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 38,446 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds 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. Virtu Financial LLC bought a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the 3rd quarter valued at $1,585,000. Tower Research Capital LLC TRC grew its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the third quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock valued at $2,234,000 after acquiring an additional 36,571 shares during the period. Finally, Toth Financial Advisory Corp increased its holdings in shares of 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 acquiring an additional 9,767 shares in the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Trading Up 0.2%

Shares of MIDU stock traded up $0.11 on Wednesday, reaching $58.70. The company had a trading volume of 19,797 shares, compared to its average volume of 38,611. The stock has a market cap of $82.18 million, a PE ratio of 18.98 and a beta of 3.25. The company has a 50-day moving average of $51.61 and a 200-day moving average of $50.08. Direxion Daily Mid Cap Bull 3X Shares has a 12 month low of $25.30 and a 12 month high of $61.73.

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.