Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Shares Shorted: Short Interest Down 58.2% in September

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 153,380 shares, a drop of 58.2% from the September 15th total of 366,961 shares. Based on an average trading volume of 5,784,556 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.6% of the company’s stock are short sold.

Direxion Daily MU Bear 1X ETF Price Performance

MUD traded up $0.37 on Tuesday, reaching $10.11. The company had a trading volume of 7,438,927 shares, compared to its average volume of 7,475,079. Direxion Daily MU Bear 1X ETF has a 1 year low of $8.73 and a 1 year high of $97.50. The stock has a 50-day moving average price of $10.13 and a 200-day moving average price of $16.34.

About Direxion Daily MU Bear 1X ETF

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.