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) saw a large increase in short interest in the month of 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. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 28,923 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Direxion Daily Mid Cap Bull 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Direxion Daily Mid Cap Bull 3X Shares by 408.7% during the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock worth $27,000 after purchasing an additional 421 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter valued at approximately $36,000. Stone House Investment Management LLC lifted its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 10.0% during the 4th quarter. Stone House Investment Management LLC now owns 3,846 shares of the company’s stock valued at $195,000 after buying an additional 350 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares during the 1st quarter valued at approximately $325,000. Finally, Jane Street Group LLC boosted its holdings in Direxion Daily Mid Cap Bull 3X Shares by 6.3% in the 4th quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock worth $388,000 after buying an additional 453 shares during the period.

Direxion Daily Mid Cap Bull 3X Shares Trading Down 1.6%

Direxion Daily Mid Cap Bull 3X Shares stock traded down $1.14 during midday trading on Thursday, reaching $71.74. The stock had a trading volume of 49,491 shares, compared to its average volume of 37,287. The company has a fifty day moving average price of $67.72 and a two-hundred day moving average price of $60.97. Direxion Daily Mid Cap Bull 3X Shares has a 12 month low of $42.69 and a 12 month high of $75.06. The company has a market capitalization of $78.91 million, a P/E ratio of 18.98 and a beta of 3.03.

About Direxion Daily Mid Cap Bull 3X Shares

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.