Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Wednesday . The stock had previously closed at $1,048.73, but opened at $929.00. Direxion Daily MU Bull 2X Shares shares last traded at $955.22, with a volume of 904,217 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50 day moving average of $703.42 and a 200 day moving average of $354.18.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 23rd.

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

Several institutional investors have recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,533,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. Renaissance Technologies LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $1,023,000. Spartan Wealth Advisory Services LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $808,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $658,000.

Direxion Daily MU Bull 2X Shares Company Profile

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.