Short Interest in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Grows By 93.0%

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) was the target of a significant 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. Based on an average daily trading volume, of 1,607,109 shares, the short-interest ratio is currently 0.2 days. Currently, 25.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its holdings in 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 valued at $228,000 after purchasing an additional 5,941 shares during the period. Optiver Holding B.V. increased its position in shares of Direxion Daily MU Bear 1X Shares by 72.7% during 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily MU Bear 1X Shares during the fourth quarter worth about $133,000.

Direxion Daily MU Bear 1X Shares Trading Up 5.9%

Shares of MUD traded up $1.10 during midday trading on Monday, hitting $19.70. 11,079,572 shares of the stock were exchanged, compared to its average volume of 2,766,854. Direxion Daily MU Bear 1X Shares has a 52-week low of $16.51 and a 52-week high of $216.00. The stock has a fifty day simple moving average of $32.05 and a 200 day simple moving average of $47.97.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.2725 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.09 annualized dividend and a dividend yield of 5.5%.

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.