Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) Sees Significant Growth in Short Interest

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 22,122 shares, a growth of 58.3% from the September 15th total of 13,974 shares. Based on an average daily volume of 18,589 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Direxion Daily Mid Cap Bull 3X ETF

An institutional investor recently bought a new stake in Direxion Daily Mid Cap Bull 3X ETF stock. Toth Financial Advisory Corp acquired a new stake in Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,219 shares of the company’s stock, valued at approximately $72,000. Toth Financial Advisory Corp owned 0.12% of Direxion Daily Mid Cap Bull 3X ETF as of its most recent SEC filing.

Direxion Daily Mid Cap Bull 3X ETF Stock Performance

Shares of NYSEARCA:MIDU traded down $1.76 during midday trading on Friday, hitting $59.69. 31,629 shares of the stock were exchanged, compared to its average volume of 29,891. The stock has a market capitalization of $59.69 million, a price-to-earnings ratio of 18.98 and a beta of 3.07. The business’s 50-day moving average price is $66.40 and its 200 day moving average price is $66.62. Direxion Daily Mid Cap Bull 3X ETF has a 12 month low of $42.74 and a 12 month high of $77.88.

About Direxion Daily Mid Cap Bull 3X ETF

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.