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

Direxion Daily MU Bear 1X Shares (NASDAQ:MUDGet Free Report) saw 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. Based on an average daily trading volume, of 10,505,943 shares, the days-to-cover ratio is currently 0.1 days. Currently, 21.5% of the shares of the stock are sold short.

Direxion Daily MU Bear 1X Shares Trading Down 2.4%

Direxion Daily MU Bear 1X Shares stock traded down $0.26 during mid-day trading on Tuesday, hitting $10.72. The stock had a trading volume of 3,521,664 shares, compared to its average volume of 7,765,113. Direxion Daily MU Bear 1X Shares has a one year low of $8.90 and a one year high of $164.70. The firm’s 50 day moving average is $11.27 and its 200 day moving average is $23.04.

Direxion Daily MU Bear 1X Shares Dividend Announcement

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

Institutional Trading of 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:MUDFree Report) by 40.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,616 shares of the company’s stock after purchasing an additional 5,941 shares during the period. Susquehanna International Group LLP owned 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 as of its most recent SEC filing.

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.

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