Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Up 95.4% in January

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 31,788 shares, a growth of 95.4% from the December 31st total of 16,272 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 44,446 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 44,446 shares, the short-interest ratio is currently 0.7 days. Currently, 2.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Direxion Daily Mid Cap Bull 3X Shares by 408.7% in 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. Stone House Investment Management LLC lifted its holdings in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% during the 4th quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock valued at $195,000 after acquiring an additional 350 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the third quarter worth about $1,585,000. Tower Research Capital LLC TRC grew its position 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 in the last quarter. Finally, Toth Financial Advisory Corp increased its stake in Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the 3rd 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 during the period.

Direxion Daily Mid Cap Bull 3X Shares Trading Down 2.8%

MIDU stock traded down $1.60 during trading on Friday, hitting $56.40. 40,173 shares of the company’s stock were exchanged, compared to its average volume of 43,659. The business has a 50-day moving average price of $54.54 and a two-hundred day moving average price of $51.03. Direxion Daily Mid Cap Bull 3X Shares has a 52-week low of $25.30 and a 52-week high of $62.28. The stock has a market capitalization of $78.96 million, a price-to-earnings ratio of 18.98 and a beta of 3.25.

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.