Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Up 86.2% in June

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 15,337 shares, an increase of 86.2% from the May 31st total of 8,236 shares. Based on an average daily trading volume, of 28,923 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.2% of the company’s stock are sold short.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

NYSEARCA MIDU traded down $1.97 on Wednesday, reaching $72.88. The company had a trading volume of 11,812 shares, compared to its average volume of 37,181. The firm has a market capitalization of $80.17 million, a PE ratio of 18.98 and a beta of 3.03. The firm has a 50-day moving average of $67.58 and a 200-day moving average of $60.84. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $42.69 and a 1 year high of $75.06.

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

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in shares of 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 worth $2,234,000 after purchasing an additional 36,571 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the third quarter worth about $1,585,000. IMC Chicago LLC acquired a new position in Direxion Daily Mid Cap Bull 3X Shares in the first quarter worth about $325,000. Tucker Asset Management LLC acquired a new position in Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter worth about $36,000. Finally, Jane Street Group LLC increased its holdings in Direxion Daily Mid Cap Bull 3X Shares by 6.3% in the fourth quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $388,000 after buying an additional 453 shares during 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.