Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Short Interest Down 45.9% in July

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 173,884 shares, a decline of 45.9% from the June 30th total of 321,224 shares. Based on an average trading volume of 15,369,427 shares, the short-interest ratio is presently 0.0 days. Approximately 2.7% of the company’s shares are short sold.

Direxion Daily MU Bear 1X Shares Stock Performance

Shares of Direxion Daily MU Bear 1X Shares stock traded up $0.43 during trading hours on Friday, reaching $12.10. The stock had a trading volume of 15,836,413 shares, compared to its average volume of 7,595,749. The firm has a 50 day simple moving average of $12.13 and a two-hundred day simple moving average of $26.96. Direxion Daily MU Bear 1X Shares has a 1 year low of $8.90 and a 1 year high of $184.60.

Direxion Daily MU Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.0505 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP grew its holdings in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) by 40.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,616 shares of the company’s stock after acquiring an additional 5,941 shares during the period. Susquehanna International Group LLP owned about 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 as of its most recent SEC filing.

About Direxion Daily MU Bear 1X Shares

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.