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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Thursday . The stock had previously closed at $29.49, but opened at $31.44. Direxion Daily MU Bull 2X Shares shares last traded at $29.42, with a volume of 6,733,785 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50 day moving average of $33.90 and a two-hundred day moving average of $24.34.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently made changes to their positions in MUU. Tower Research Capital LLC TRC increased its position in Direxion Daily MU Bull 2X Shares by 95.1% during 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. SBI Securities Co. Ltd. boosted 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 valued at $128,000 after buying an additional 631 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, Corient Private Wealth LP bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter worth $523,000.

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.