Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Sees Significant Increase in Short Interest

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 31,788 shares, an increase of 95.4% from the December 31st total of 16,272 shares. Based on an average trading volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.3% of the shares of the company are short sold. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

NYSEARCA:MIDU traded down $1.60 during trading hours on Friday, hitting $56.40. The company’s stock had a trading volume of 40,173 shares, compared to its average volume of 43,659. Direxion Daily Mid Cap Bull 3X Shares has a 52-week low of $25.30 and a 52-week high of $62.28. The company has a market capitalization of $78.96 million, a PE ratio of 18.98 and a beta of 3.25. The business’s 50-day moving average is $54.54 and its two-hundred day moving average is $51.00.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp lifted 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 valued at $735,000 after purchasing an additional 9,767 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock worth $2,234,000 after buying an additional 36,571 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the third quarter worth approximately $1,585,000. Stone House Investment Management LLC grew its stake 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 buying an additional 350 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after acquiring an additional 421 shares during the period.

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.