Morse Asset Management Inc Makes New $105,000 Investment in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU)

Morse Asset Management Inc acquired a new position in shares of Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,903 shares of the company’s stock, valued at approximately $105,000. Morse Asset Management Inc owned about 0.10% of Direxion Daily Mid Cap Bull 3X Shares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MIDU. Traynor Capital Management Inc. increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 7.3% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,382 shares of the company’s stock valued at $210,000 after acquiring an additional 300 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the 2nd quarter valued at about $1,994,000. Finally, Toth Financial Advisory Corp increased its stake in shares of Direxion Daily Mid Cap Bull 3X Shares by 38.4% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,028 shares of the company’s stock valued at $496,000 after acquiring an additional 2,505 shares during the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Price Performance

Shares of MIDU stock opened at $66.62 on Thursday. The stock has a 50-day moving average of $58.87 and a 200-day moving average of $53.23. Direxion Daily Mid Cap Bull 3X Shares has a one year low of $36.95 and a one year high of $70.24. The stock has a market cap of $126.58 million, a PE ratio of 21.95 and a beta of 3.28.

Direxion Daily Mid Cap Bull 3X Shares Company Profile

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.