Direxion Daily MU Bull 2X Shares (MUU) to Distribute Quarterly Dividend of $2.05 on June 30th

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) announced a quarterly dividend on Monday, June 22nd, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 2.047 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 23rd.

Direxion Daily MU Bull 2X Shares Stock Down 25.8%

Shares of MUU opened at $914.20 on Wednesday. The stock has a 50 day simple moving average of $596.79 and a two-hundred day simple moving average of $310.24. Direxion Daily MU Bull 2X Shares has a 1 year low of $16.73 and a 1 year high of $1,235.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $1,533,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $1,023,000. Spartan Wealth Advisory Services LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $808,000. Finally, Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during 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.