Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $760.00, but opened at $663.00. Direxion Daily MU Bull 2X Shares shares last traded at $661.35, with a volume of 812,750 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s 50 day simple moving average is $723.96 and its 200 day simple moving average is $363.79.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. This represents a $8.19 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. purchased a new position 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 shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth about $808,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth 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.