Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 1-Year High – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $420.75 and last traded at $407.85, with a volume of 2781578 shares. The stock had previously closed at $333.96.

Direxion Daily MU Bull 2X Shares Trading Up 22.1%

The company has a fifty day moving average price of $196.16 and a 200-day moving average price of $143.66.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 dividend on an annualized basis and a yield of 0.7%.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after acquiring an additional 1,289 shares during the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $482,000. Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $658,000. Finally, Csenge Advisory Group purchased a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $677,000.

About Direxion Daily MU Bull 2X Shares

The Direxion Daily MU Bull 2X Shares (MUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUU was launched on Oct 10, 2024 and is issued by Direxion.