Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Announces Dividend of $0.05

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) declared a dividend on Monday, June 22nd, NASDAQ Dividends reports. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0505 per share on Tuesday, June 30th. The ex-dividend date is Tuesday, June 23rd.

Direxion Daily MU Bear 1X Shares Trading Down 6.9%

Direxion Daily MU Bear 1X Shares stock opened at $9.80 on Tuesday. The firm’s 50 day moving average price is $19.74 and its two-hundred day moving average price is $36.96. Direxion Daily MU Bear 1X Shares has a twelve month low of $9.79 and a twelve month high of $184.60.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MUD. Jane Street Group LLC bought a new position in Direxion Daily MU Bear 1X Shares during the fourth quarter valued at approximately $133,000. Susquehanna International Group LLP raised its holdings in shares of Direxion Daily MU Bear 1X Shares by 40.5% during the 3rd quarter. Susquehanna International Group LLP now owns 20,616 shares of the company’s stock valued at $228,000 after purchasing an additional 5,941 shares in the last quarter. Finally, Optiver Holding B.V. boosted its holdings in Direxion Daily MU Bear 1X Shares by 72.7% in the third quarter. Optiver Holding B.V. now owns 29,172 shares of the company’s stock worth $322,000 after purchasing an additional 12,277 shares in the last quarter.

About Direxion Daily MU Bear 1X Shares

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.