Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Drops By 49.1%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 400,502 shares, a decline of 49.1% from the March 15th total of 787,506 shares. Currently, 6.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,348,546 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily MU Bull 2X Shares Stock Performance

NASDAQ MUU traded down $9.80 on Wednesday, hitting $212.60. 671,763 shares of the stock were exchanged, compared to its average volume of 2,443,419. The business’s fifty day moving average is $178.94 and its 200 day moving average is $125.23. Direxion Daily MU Bull 2X Shares has a 52 week low of $7.29 and a 52 week high of $249.10.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $883,000. Csenge Advisory Group acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $677,000. SBI Securities Co. Ltd. boosted its stake 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 acquiring an additional 631 shares during the period. UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $10,100,000. Finally, Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.

Further Reading

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