Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) Stock Short Interest Report for September

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 22,122 shares, an increase of 58.3% from the September 15th total of 13,974 shares. Based on an average daily volume of 18,589 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily Mid Cap Bull 3X ETF stock. Toth Financial Advisory Corp purchased a new stake in shares of Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,219 shares of the company’s stock, valued at approximately $72,000. Toth Financial Advisory Corp owned about 0.12% of Direxion Daily Mid Cap Bull 3X ETF at the end of the most recent quarter.

Direxion Daily Mid Cap Bull 3X ETF Price Performance

Shares of NYSEARCA MIDU traded down $0.40 during mid-day trading on Friday, reaching $61.05. 1,541 shares of the company’s stock traded hands, compared to its average volume of 29,736. Direxion Daily Mid Cap Bull 3X ETF has a 1-year low of $42.74 and a 1-year high of $77.88. The stock has a market cap of $61.05 million, a P/E ratio of 18.98 and a beta of 3.07. The business has a 50-day simple moving average of $66.72 and a 200 day simple moving average of $66.66.

Direxion Daily Mid Cap Bull 3X ETF 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.