Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Up 26.2% in February

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 14,773 shares, an increase of 26.2% from the January 29th total of 11,703 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 47,206 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 47,206 shares, the short-interest ratio is presently 0.3 days. Currently, 1.1% of the shares of the stock are sold short.

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

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Direxion Daily Mid Cap Bull 3X Shares by 408.7% in the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock worth $27,000 after purchasing an additional 421 shares during the period. Tucker Asset Management LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares in the 4th quarter valued at about $36,000. Stone House Investment Management LLC grew its position in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% during the 4th quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock worth $195,000 after buying an additional 350 shares during the period. Jane Street Group LLC raised its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 6.3% during the fourth quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock worth $388,000 after buying an additional 453 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in 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 during the period.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

NYSEARCA:MIDU opened at $61.03 on Thursday. The stock’s fifty day moving average price is $59.33 and its two-hundred day moving average price is $53.42. Direxion Daily Mid Cap Bull 3X Shares has a 52-week low of $25.30 and a 52-week high of $66.01. The company has a market cap of $85.44 million, a price-to-earnings ratio of 18.98 and a beta of 3.25.

About Direxion Daily Mid Cap Bull 3X Shares

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.