Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Sees Significant Drop in Short Interest

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 150,239 shares, a decline of 74.3% from the October 15th total of 585,195 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average trading volume of 6,537,608 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily MU Bear 1X ETF Trading Down 12.0%

MUD stock opened at $10.99 on Thursday. The company has a fifty day moving average price of $10.25 and a 200 day moving average price of $20.14. Direxion Daily MU Bear 1X ETF has a 12 month low of $8.73 and a 12 month high of $90.06.

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.