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

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,122 shares, a growth of 58.3% from the September 15th total of 13,974 shares. Based on an average trading volume of 18,589 shares, the short-interest ratio is currently 1.2 days. Approximately 2.2% of the shares of the stock are sold short.

Direxion Daily Mid Cap Bull 3X ETF Stock Performance

NYSEARCA:MIDU opened at $59.69 on Friday. The stock has a fifty day moving average price of $66.40 and a two-hundred day moving average price of $66.62. The stock has a market capitalization of $59.69 million, a price-to-earnings ratio of 18.98 and a beta of 3.07. Direxion Daily Mid Cap Bull 3X ETF has a 1 year low of $42.74 and a 1 year high of $77.88.

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

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

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.