Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Shares Shorted: Short Interest Down 58.2% in September

by · The Markets Daily

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD – Get Free Report) 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. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 5,784,556 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily MU Bear 1X ETF Stock Performance

NASDAQ:MUD traded down $0.19 on Thursday, hitting $10.32. The stock had a trading volume of 12,068,685 shares, compared to its average volume of 7,496,982. Direxion Daily MU Bear 1X ETF has a 1-year low of $8.73 and a 1-year high of $93.80. The company has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $15.91.

About Direxion Daily MU Bear 1X ETF

(Get Free Report)

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.

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