Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) Stock Short Interest Jumps 58.3%

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 22,122 shares, an increase of 58.3% from the September 15th total of 13,974 shares. Based on an average daily volume of 18,589 shares, the short-interest ratio is presently 1.2 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily Mid Cap Bull 3X ETF

An institutional investor recently bought a new position in Direxion Daily Mid Cap Bull 3X ETF stock. IMC Chicago LLC purchased a new stake in Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,262 shares of the company’s stock, valued at approximately $325,000. IMC Chicago LLC owned 0.48% of Direxion Daily Mid Cap Bull 3X ETF at the end of the most recent reporting period.

Direxion Daily Mid Cap Bull 3X ETF Trading Down 0.7%

Shares of MIDU stock traded down $0.40 on Friday, hitting $61.05. 1,541 shares of the stock were exchanged, compared to its average volume of 29,736. The firm has a market capitalization of $61.05 million, a PE ratio of 18.98 and a beta of 3.07. The firm’s 50 day moving average is $66.72 and its two-hundred day moving average is $66.66. Direxion Daily Mid Cap Bull 3X ETF has a one year low of $42.74 and a one year high of $77.88.

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.