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

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 449,654 shares, a decrease of 50.4% from the August 15th total of 907,071 shares. Based on an average trading volume of 5,646,638 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.7% of the company’s shares are sold short.

Direxion Daily MU Bear 1X ETF Stock Performance

Direxion Daily MU Bear 1X ETF stock traded down $0.04 during midday trading on Tuesday, reaching $10.69. 3,938,108 shares of the stock traded hands, compared to its average volume of 7,582,095. The company has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $20.07. Direxion Daily MU Bear 1X ETF has a 12-month low of $8.90 and a 12-month high of $120.40.

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Direxion Daily MU Bear 1X ETF Company Profile

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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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