Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Shares Down 9.2% – Should You Sell?

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) shares were down 9.2% during trading on Tuesday . The company traded as low as $30.97 and last traded at $30.99. Approximately 1,266,213 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,797,268 shares. The stock had previously closed at $34.14.

Direxion Daily MU Bear 1X Shares Stock Performance

The stock has a 50-day moving average of $38.08 and a two-hundred day moving average of $58.69.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

Several large investors have recently modified their holdings of MUD. Jane Street Group LLC bought a new position in Direxion Daily MU Bear 1X Shares in the 4th quarter worth about $133,000. Susquehanna International Group LLP increased its stake in 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. increased its stake in Direxion Daily MU Bear 1X Shares by 72.7% during the 3rd quarter. Optiver Holding B.V. now owns 29,172 shares of the company’s stock valued at $322,000 after purchasing an additional 12,277 shares in the last quarter.

Direxion Daily MU Bear 1X Shares Company Profile

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.