Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 11.2% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price traded down 11.2% during mid-day trading on Friday . The stock traded as low as $32.32 and last traded at $32.39. Approximately 8,709,729 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 53,456,871 shares. The stock had previously closed at $36.49.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a 50-day moving average price of $39.41 and a 200-day moving average price of $20.82.

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 issued a dividend of $0.1024 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a yield of 1.2%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the second 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. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during 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.