Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Short Interest Update

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 247,971 shares, an increase of 93.0% from the April 15th total of 128,464 shares. Approximately 25.3% of the company’s shares are sold short. Based on an average daily volume of 1,607,109 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily MU Bear 1X Shares Stock Performance

NASDAQ:MUD traded up $1.16 during midday trading on Friday, hitting $18.60. 10,443,552 shares of the company traded hands, compared to its average volume of 2,677,167. The firm’s fifty day moving average is $32.43 and its 200-day moving average is $48.64. Direxion Daily MU Bear 1X Shares has a 12-month low of $16.51 and a 12-month high of $216.00.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.09 annualized dividend and a dividend yield of 5.9%.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

A number of large investors have recently made changes to their positions in MUD. Optiver Holding B.V. lifted its stake in Direxion Daily MU Bear 1X Shares by 72.7% in the third quarter. Optiver Holding B.V. now owns 29,172 shares of the company’s stock worth $322,000 after purchasing an additional 12,277 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily MU Bear 1X Shares during the fourth quarter valued at approximately $133,000. Finally, Susquehanna International Group LLP raised its holdings in shares of Direxion Daily MU Bear 1X Shares by 40.5% in the third quarter. Susquehanna International Group LLP now owns 20,616 shares of the company’s stock worth $228,000 after buying an additional 5,941 shares during the period.

About Direxion Daily MU Bear 1X Shares

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.