Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Still a Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Thursday . The stock had previously closed at $19.63, but opened at $22.51. Direxion Daily MU Bull 2X Shares shares last traded at $24.30, with a volume of 26,472,316 shares.

Direxion Daily MU Bull 2X Shares Stock Up 32.4%

The firm has a 50 day simple moving average of $39.59 and a 200 day simple moving average of $21.37.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1024 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several hedge funds have recently bought and sold shares of MUU. SBI Securities Co. Ltd. increased its holdings in 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 acquiring an additional 631 shares during the period. Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 1,289 shares during the period. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $482,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $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.