Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 13,487 shares, a decline of 39.0% from the September 30th total of 22,122 shares. Based on an average daily trading volume, of 26,486 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.3% of the company’s stock are sold short.
Direxion Daily Mid Cap Bull 3X ETF Stock Up 2.2%
Shares of NYSEARCA:MIDU traded up $1.42 during midday trading on Tuesday, reaching $64.63. 16,135 shares of the company were exchanged, compared to its average volume of 29,693. Direxion Daily Mid Cap Bull 3X ETF has a fifty-two week low of $42.74 and a fifty-two week high of $77.88. The stock has a fifty day simple moving average of $63.58 and a two-hundred day simple moving average of $64.23. The firm has a market cap of $64.63 million, a PE ratio of 18.98 and a beta of 3.07.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Direxion Daily Mid Cap Bull 3X ETF stock. Toth Financial Advisory Corp bought a new position in shares of Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,219 shares of the company’s stock, valued at approximately $72,000. Toth Financial Advisory Corp owned about 0.12% of Direxion Daily Mid Cap Bull 3X ETF at the end of the most recent quarter.
About Direxion Daily Mid Cap Bull 3X ETF
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.
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