Short Interest in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Rises By 1,319.1%

Direxion Daily MU Bear 1X Shares (NASDAQ:MUDGet 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

An institutional investor recently raised its position in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP boosted its holdings in Direxion Daily MU Bear 1X Shares (NASDAQ:MUDFree Report) by 40.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,616 shares of the company’s stock after buying an additional 5,941 shares during the period. Susquehanna International Group LLP owned approximately 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 at the end of the most recent reporting period.

About Direxion Daily MU Bear 1X Shares

(Get Free Report)

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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