Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 1-Year High – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) hit a new 52-week high during trading on Tuesday . The stock traded as high as $676.61 and last traded at $676.61, with a volume of 1154007 shares changing hands. The stock had previously closed at $534.37.

Direxion Daily MU Bull 2X Shares Stock Up 38.6%

The company’s fifty day moving average price is $291.15 and its 200 day moving average price is $188.70.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.4%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $315,000. Tower Research Capital LLC TRC increased 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 worth $64,000 after acquiring an additional 1,289 shares during the last quarter. PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $658,000.

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.