Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Tuesday . The stock had previously closed at $35.01, but opened at $31.18. Direxion Daily MU Bull 2X Shares shares last traded at $31.59, with a volume of 9,083,822 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a fifty day moving average of $36.65 and a two-hundred day moving average of $23.18.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1024 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a yield of 1.3%.

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

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at about $716,000. Tower Research Capital LLC TRC raised its stake 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 worth $64,000 after purchasing an additional 1,289 shares in the last quarter. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $10,100,000. Finally, SBI Securities Co. Ltd. grew its position 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 purchasing an additional 631 shares in the last quarter.

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.