Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Short Interest Update

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 63,918 shares, a drop of 63.2% from the July 15th total of 173,884 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 13,919,143 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP grew its holdings in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) by 40.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,616 shares of the company’s stock after acquiring an additional 5,941 shares during the quarter. Susquehanna International Group LLP owned 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 at the end of the most recent reporting period.

Direxion Daily MU Bear 1X Shares Price Performance

Shares of MUD stock traded down $0.18 on Friday, hitting $10.44. The stock had a trading volume of 3,992,770 shares, compared to its average volume of 7,796,790. Direxion Daily MU Bear 1X Shares has a twelve month low of $8.90 and a twelve month high of $166.60. The company has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $24.62.

Direxion Daily MU Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0505 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.9%.

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.