Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Significant Growth in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 9,489,943 shares, a growth of 885.5% from the June 30th total of 962,979 shares. Based on an average daily trading volume, of 47,198,710 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.9% of the shares of the stock are sold short.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of NASDAQ:MUU traded down $5.22 during midday trading on Friday, reaching $31.27. 39,148,154 shares of the company were exchanged, compared to its average volume of 53,674,266. The business’s fifty day moving average is $39.53 and its two-hundred day moving average is $20.89. Direxion Daily MU Bull 2X Shares has a one year low of $0.84 and a one year high of $62.64.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a yield of 1.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MUU. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $1,533,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $315,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $1,023,000. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $808,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $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.