Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Thursday . The stock had previously closed at $1,065.00, but opened at $920.66. Direxion Daily MU Bull 2X Shares shares last traded at $906.15, with a volume of 1,405,858 shares.

Direxion Daily MU Bull 2X Shares Price Performance

The firm’s fifty day moving average is $386.08 and its two-hundred day moving average is $228.42.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares in the last quarter. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $658,000.

Direxion Daily MU Bull 2X Shares Company Profile

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.