Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Short Interest Down 45.9% in July

Direxion Daily MU Bear 1X Shares (NASDAQ:MUDGet 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:MUDFree 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

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.0505 per share. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily MU Bear 1X Shares

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Direxion Daily MU Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily MU Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.