Traynor Capital Management Inc. boosted its position in shares of Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU – Free Report) by 20.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,267 shares of the company’s stock after acquiring an additional 885 shares during the period. Traynor Capital Management Inc. owned 0.28% of Direxion Daily Mid Cap Bull 3X Shares worth $289,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. acquired a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the first quarter valued at about $414,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily Mid Cap Bull 3X Shares by 38.4% during the third quarter. Toth Financial Advisory Corp now owns 9,028 shares of the company’s stock valued at $496,000 after buying an additional 2,505 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares during the second quarter valued at $1,994,000.
Direxion Daily Mid Cap Bull 3X Shares Price Performance
Shares of MIDU stock opened at $55.52 on Wednesday. The business has a fifty day moving average of $53.48 and a 200 day moving average of $50.86. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $26.88 and a 1 year high of $59.16. The firm has a market capitalization of $105.49 million, a price-to-earnings ratio of 21.95 and a beta of 3.28.
Direxion Daily Mid Cap Bull 3X Shares 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.
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