Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Sees Large Drop in Short Interest

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,317 shares, a decline of 61.9% from the February 26th total of 19,216 shares. Based on an average daily volume of 57,220 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 57,220 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily Mid Cap Bull 3X Shares Trading Up 2.3%

MIDU stock opened at $52.70 on Wednesday. The stock has a market cap of $73.78 million, a PE ratio of 18.98 and a beta of 3.25. The stock has a 50-day moving average price of $58.85 and a two-hundred day moving average price of $53.76. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $25.30 and a 1 year high of $66.01.

Hedge Funds Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in MIDU. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Mid Cap Bull 3X Shares by 487.1% in the 3rd 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 during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily Mid Cap Bull 3X Shares in the 3rd quarter worth about $1,585,000. Toth Financial Advisory Corp raised its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 206.4% in the third quarter. Toth Financial Advisory Corp now owns 14,500 shares of the company’s stock valued at $735,000 after buying an additional 9,767 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter worth $36,000. Finally, Jane Street Group LLC boosted its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 6.3% during the 4th quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock worth $388,000 after acquiring an additional 453 shares in the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Company Profile

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.