Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Down 57.6% in December

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

Hedge Funds Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Institutional investors have recently modified their holdings of the company. Toth Financial Advisory Corp boosted its stake in Direxion Daily Mid Cap Bull 3X Shares by 206.4% in 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 last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the 3rd quarter worth about $1,585,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 worth $2,234,000 after acquiring an additional 36,571 shares during the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

Shares of MIDU stock traded down $0.62 during mid-day trading on Friday, hitting $60.20. The stock had a trading volume of 23,765 shares, compared to its average volume of 42,515. Direxion Daily Mid Cap Bull 3X Shares has a fifty-two week low of $25.30 and a fifty-two week high of $61.73. The firm has a market cap of $84.28 million, a PE ratio of 18.98 and a beta of 3.25. The company’s 50-day simple moving average is $52.11 and its 200-day simple moving average is $50.26.

About Direxion Daily Mid Cap Bull 3X Shares

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.