Short Interest in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Grows By 93.0%

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 247,971 shares, a growth of 93.0% from the April 15th total of 128,464 shares. Approximately 25.3% of the company’s shares are short sold. Based on an average daily volume of 1,607,109 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily MU Bear 1X Shares Price Performance

NASDAQ MUD opened at $19.70 on Tuesday. The firm has a 50 day simple moving average of $32.05 and a 200-day simple moving average of $47.97. Direxion Daily MU Bear 1X Shares has a one year low of $16.51 and a one year high of $216.00.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.09 annualized dividend and a dividend yield of 5.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MUD. Jane Street Group LLC purchased a new position in shares of Direxion Daily MU Bear 1X Shares in the fourth quarter valued at approximately $133,000. Optiver Holding B.V. boosted its stake in shares of Direxion Daily MU Bear 1X Shares by 72.7% in the third quarter. Optiver Holding B.V. now owns 29,172 shares of the company’s stock valued at $322,000 after purchasing an additional 12,277 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in shares of Direxion Daily MU Bear 1X Shares by 40.5% in the third quarter. Susquehanna International Group LLP now owns 20,616 shares of the company’s stock valued at $228,000 after purchasing an additional 5,941 shares during the period.

About Direxion Daily MU Bear 1X Shares

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.