Direxion Daily MU Bear 1X Shares (NASDAQ:MUD – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 907,071 shares, a growth of 1,319.1% from the July 30th total of 63,918 shares. Based on an average daily volume of 10,505,943 shares, the short-interest ratio is currently 0.1 days. Currently, 21.5% of the shares of the stock are short sold.
Direxion Daily MU Bear 1X Shares Stock Down 0.7%
Shares of NASDAQ:MUD traded down $0.08 during trading on Wednesday, reaching $10.64. The stock had a trading volume of 1,315,470 shares, compared to its average volume of 7,719,675. The firm’s 50-day simple moving average is $11.27 and its 200 day simple moving average is $23.04. Direxion Daily MU Bear 1X Shares has a one year low of $8.90 and a one year high of $164.70.
Direxion Daily MU Bear 1X Shares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0505 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%.
Institutional Investors Weigh In On Direxion Daily MU Bear 1X Shares
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.
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