Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 12-Month High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $1,082.00 and last traded at $1,073.68, with a volume of 1458236 shares traded. The stock had previously closed at $924.16.

Direxion Daily MU Bull 2X Shares Stock Up 18.8%

The company has a fifty day simple moving average of $524.43 and a 200-day simple moving average of $282.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.2%. 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.

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

Several hedge funds and other institutional investors have recently bought and sold shares of MUU. Optiver Holding B.V. raised its stake in Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares during the period. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $883,000. Csenge Advisory Group purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $677,000. UBS Group AG acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $10,100,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during 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.

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.