Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) Shares Shorted: Short Interest Up 153.4% in October

Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 34,174 shares, a growth of 153.4% from the October 15th total of 13,487 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 28,067 shares, the short-interest ratio is presently 1.2 days.

Direxion Daily Mid Cap Bull 3X ETF Trading Down 1.3%

NYSEARCA:MIDU traded down $0.83 during trading hours on Friday, hitting $61.69. The company had a trading volume of 8,718 shares, compared to its average volume of 29,534. The company has a 50-day moving average of $62.45 and a 200 day moving average of $64.34. The company has a market cap of $61.69 million, a P/E ratio of 18.70 and a beta of 3.06. Direxion Daily Mid Cap Bull 3X ETF has a 1 year low of $42.74 and a 1 year high of $77.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily Mid Cap Bull 3X ETF stock. IMC Chicago LLC acquired a new stake in Direxion Daily Mid Cap Bull 3X ETF (NYSEARCA:MIDU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,262 shares of the company’s stock, valued at approximately $325,000. IMC Chicago LLC owned 0.48% of Direxion Daily Mid Cap Bull 3X ETF at the end of the most recent quarter.

Direxion Daily Mid Cap Bull 3X ETF 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.