Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Position Cut by Toth Financial Advisory Corp

Toth Financial Advisory Corp trimmed its holdings in Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) by 24.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,523 shares of the company’s stock after selling 2,115 shares during the quarter. Toth Financial Advisory Corp owned about 0.40% of Direxion Daily Mid Cap Bull 3X Shares worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MIDU. Larson Financial Group LLC bought a new position in Direxion Daily Mid Cap Bull 3X Shares during the 4th quarter valued at $98,000. Traynor Capital Management Inc. bought a new position in Direxion Daily Mid Cap Bull 3X Shares during the 1st quarter valued at $229,000. Finally, Virtu Financial LLC boosted its stake in Direxion Daily Mid Cap Bull 3X Shares by 84.0% during the 4th quarter. Virtu Financial LLC now owns 53,062 shares of the company’s stock valued at $2,354,000 after purchasing an additional 24,225 shares in the last quarter.

Direxion Daily Mid Cap Bull 3X Shares Stock Performance

Shares of NYSEARCA MIDU opened at $47.91 on Friday. The stock has a fifty day moving average price of $49.52 and a two-hundred day moving average price of $47.62. The firm has a market cap of $91.03 million, a P/E ratio of 21.95 and a beta of 3.28. Direxion Daily Mid Cap Bull 3X Shares has a 1 year low of $26.75 and a 1 year high of $56.76.

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.