Short Interest in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Drops By 25.8%

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 38,373 shares, a decrease of 25.8% from the November 30th total of 51,686 shares. Based on an average daily trading volume, of 55,529 shares, the short-interest ratio is currently 0.7 days. Approximately 2.6% of the company’s shares are short sold. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 55,529 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily Mid Cap Bull 3X Shares Trading Down 1.0%

MIDU stock traded down $0.54 during trading on Tuesday, hitting $52.43. 30,183 shares of the company’s stock were exchanged, compared to its average volume of 61,644. Direxion Daily Mid Cap Bull 3X Shares has a 52-week low of $25.30 and a 52-week high of $61.73. The stock has a market capitalization of $78.65 million, a price-to-earnings ratio of 18.98 and a beta of 3.25. The business has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $49.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the third quarter. Tower Research Capital LLC TRC now owns 44,079 shares of the company’s stock valued at $2,234,000 after purchasing an additional 36,571 shares in the last quarter. Virtu Financial LLC bought a new position in Direxion Daily Mid Cap Bull 3X Shares during the 3rd quarter worth $1,585,000. Finally, Toth Financial Advisory Corp lifted its stake in Direxion Daily Mid Cap Bull 3X Shares by 206.4% during the third 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 last quarter.

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.