Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Stock Short Interest Falls 58.2%

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 153,380 shares, a drop of 58.2% from the September 15th total of 366,961 shares. Based on an average trading volume of 5,784,556 shares, the short-interest ratio is currently 0.0 days. Approximately 4.6% of the company’s stock are short sold.

Direxion Daily MU Bear 1X ETF Price Performance

MUD stock traded up $0.37 during trading on Tuesday, hitting $10.11. 7,438,927 shares of the company’s stock were exchanged, compared to its average volume of 7,475,079. The business has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $16.34. Direxion Daily MU Bear 1X ETF has a 52-week low of $8.73 and a 52-week high of $97.50.

About Direxion Daily MU Bear 1X ETF

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.