Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 232.5% in June

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 962,979 shares, an increase of 232.5% from the June 15th total of 289,636 shares. Based on an average daily trading volume, of 3,491,646 shares, the short-interest ratio is currently 0.3 days. Approximately 11.9% of the shares of the stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group bought a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter valued at $677,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $883,000. UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $10,100,000. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $482,000. Finally, Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $1,533,000.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of NASDAQ MUU opened at $745.39 on Monday. The stock’s 50-day simple moving average is $760.82 and its two-hundred day simple moving average is $381.93. Direxion Daily MU Bull 2X Shares has a twelve month low of $16.73 and a twelve month high of $1,252.80.

Direxion Daily MU Bull 2X Shares Announces Dividend

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

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.