Short Interest in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Decreases By 63.2%

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 63,918 shares, a decline of 63.2% from the July 15th total of 173,884 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 13,919,143 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Direxion Daily MU Bear 1X Shares

An institutional investor recently bought a new stake in Direxion Daily MU Bear 1X Shares stock. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,739 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned approximately 0.13% of Direxion Daily MU Bear 1X Shares at the end of the most recent quarter.

Direxion Daily MU Bear 1X Shares Stock Down 2.3%

Shares of MUD stock traded down $0.24 on Friday, reaching $10.38. The company had a trading volume of 7,210,293 shares, compared to its average volume of 7,824,910. The business’s 50-day moving average is $11.55 and its 200 day moving average is $24.52. Direxion Daily MU Bear 1X Shares has a one year low of $8.90 and a one year high of $166.60.

Direxion Daily MU Bear 1X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.0505 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.9%.

Direxion Daily MU Bear 1X Shares Company Profile

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.