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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Wednesday . The stock had previously closed at $35.14, but opened at $32.83. Direxion Daily MU Bull 2X Shares shares last traded at $34.56, with a volume of 11,694,831 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $20.82.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after acquiring an additional 631 shares during the period. Tower Research Capital LLC TRC lifted its stake in Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first 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.