Short Interest in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Expands By 30.1%

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 19,216 shares, a growth of 30.1% from the February 12th total of 14,773 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 32,769 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 32,769 shares, the short-interest ratio is presently 0.6 days. Approximately 1.4% of the company’s shares are sold short.

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

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings 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 worth $27,000 after buying an additional 421 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the 4th quarter worth about $36,000. Stone House Investment Management LLC increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% in 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 during the last quarter. Jane Street Group LLC increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 6.3% in the 4th quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $388,000 after acquiring an additional 453 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in shares of 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 valued at $735,000 after acquiring an additional 9,767 shares during the period.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

Shares of MIDU stock traded down $0.20 during trading hours on Friday, reaching $50.96. The company had a trading volume of 30,170 shares, compared to its average volume of 45,120. Direxion Daily Mid Cap Bull 3X Shares has a 1-year low of $25.30 and a 1-year high of $66.01. The firm has a market cap of $71.34 million, a price-to-earnings ratio of 18.98 and a beta of 3.25. The company has a 50 day moving average of $59.58 and a 200 day moving average of $53.70.

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.