Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Update

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,272 shares, a drop of 57.6% from the December 15th total of 38,373 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 38,446 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 38,446 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the shares of the company are short sold.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

NYSEARCA MIDU traded up $0.11 on Wednesday, reaching $58.70. The stock had a trading volume of 19,797 shares, compared to its average volume of 38,611. The company has a market cap of $82.18 million, a P/E ratio of 18.98 and a beta of 3.25. The firm has a fifty day moving average of $51.61 and a two-hundred day moving average of $50.08. Direxion Daily Mid Cap Bull 3X Shares has a 1-year low of $25.30 and a 1-year high of $61.73.

Hedge Funds Weigh In On Direxion Daily Mid Cap Bull 3X Shares

A number of hedge funds have recently bought and sold shares of MIDU. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 36,571 shares during the period. Virtu Financial LLC bought a new stake in Direxion Daily Mid Cap Bull 3X Shares during the 3rd quarter worth $1,585,000. Finally, Toth Financial Advisory Corp increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 206.4% in the third quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock valued at $735,000 after buying an additional 9,767 shares during the period.

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.