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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Wednesday . The stock had previously closed at $740.00, but opened at $837.97. Direxion Daily MU Bull 2X Shares shares last traded at $807.87, with a volume of 2,356,436 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Up 4.9%

The firm has a 50-day moving average of $301.97 and a 200 day moving average of $193.35.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.6767 dividend. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $315,000. Renaissance Technologies LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $1,023,000. Spartan Wealth Advisory Services LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $808,000. Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $658,000. Finally, PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $482,000.

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.