Direxion Daily MU Bear 1X Shares (NASDAQ:MUD – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 173,884 shares, a decrease of 45.9% from the June 30th total of 321,224 shares. Based on an average daily volume of 15,369,427 shares, the short-interest ratio is presently 0.0 days. Currently, 2.7% of the company’s stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP increased its position in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD – Free Report) by 40.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,616 shares of the company’s stock after purchasing an additional 5,941 shares during the quarter. Susquehanna International Group LLP owned approximately 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 as of its most recent SEC filing.
Direxion Daily MU Bear 1X Shares Trading Up 10.1%
Shares of NASDAQ MUD traded up $1.31 during trading hours on Wednesday, hitting $14.30. The company had a trading volume of 21,859,464 shares, compared to its average volume of 7,458,538. Direxion Daily MU Bear 1X Shares has a 1-year low of $8.90 and a 1-year high of $184.60. The firm’s 50 day moving average is $12.24 and its 200-day moving average is $27.21.
Direxion Daily MU Bear 1X Shares Announces Dividend
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.
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