Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Up 95.4% in January

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 31,788 shares, an increase of 95.4% from the December 31st total of 16,272 shares. Based on an average trading volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.3% of the company’s shares are sold short. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 44,446 shares, the days-to-cover ratio is presently 0.7 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position 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 valued at $27,000 after buying an additional 421 shares in the last quarter. Stone House Investment Management LLC increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% in the fourth quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock worth $195,000 after acquiring an additional 350 shares during the period. Toth Financial Advisory Corp grew its position in Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock worth $735,000 after purchasing an additional 9,767 shares during the period. Virtu Financial LLC acquired a new stake in Direxion Daily Mid Cap Bull 3X Shares during the third quarter worth about $1,585,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 487.1% during the 3rd 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 during the period.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

MIDU stock traded down $1.60 during mid-day trading on Friday, reaching $56.40. The company had a trading volume of 40,173 shares, compared to its average volume of 43,659. The firm has a 50 day moving average of $54.54 and a 200 day moving average of $51.00. The company has a market capitalization of $78.96 million, a PE ratio of 18.98 and a beta of 3.25. Direxion Daily Mid Cap Bull 3X Shares has a 12 month low of $25.30 and a 12 month high of $62.28.

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.