Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Sees Significant Increase in Short Interest

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 907,071 shares, an increase of 1,319.1% from the July 30th total of 63,918 shares. Currently, 21.5% of the company’s stock are short sold. Based on an average trading volume of 10,505,943 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily MU Bear 1X Shares Trading Down 0.6%

MUD stock opened at $10.66 on Thursday. Direxion Daily MU Bear 1X Shares has a fifty-two week low of $8.90 and a fifty-two week high of $164.70. The business’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $22.82.

Direxion Daily MU Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.0505 dividend. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

An institutional investor recently raised its stake in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP increased its holdings in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) by 40.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,616 shares of the company’s stock after acquiring an additional 5,941 shares during the quarter. Susquehanna International Group LLP owned about 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.