Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 15,337 shares, an increase of 86.2% from the May 31st total of 8,236 shares. Based on an average trading volume of 28,923 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the company’s stock are sold short.
Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% during the third quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock worth $2,234,000 after purchasing an additional 36,571 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the third quarter valued at $1,585,000. Stone House Investment Management LLC raised its holdings in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% in the 4th quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock valued at $195,000 after buying an additional 350 shares during the period. Farther Finance Advisors LLC lifted its stake in Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the 4th quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock worth $27,000 after acquiring an additional 421 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new position in Direxion Daily Mid Cap Bull 3X Shares during the 4th quarter worth about $36,000.
Direxion Daily Mid Cap Bull 3X Shares Stock Performance
Direxion Daily Mid Cap Bull 3X Shares stock remained flat at $71.74 during midday trading on Friday. 49,491 shares of the company’s stock traded hands, compared to its average volume of 37,287. The firm has a market cap of $78.91 million, a P/E ratio of 18.98 and a beta of 3.03. The business’s 50 day moving average price is $67.72 and its 200-day moving average price is $60.97. Direxion Daily Mid Cap Bull 3X Shares has a one year low of $42.69 and a one year high of $75.06.
About Direxion Daily Mid Cap Bull 3X Shares
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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