Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading 13% Higher – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price were up 13% on Tuesday . The company traded as high as $27.41 and last traded at $27.12. Approximately 15,440,401 shares were traded during mid-day trading, a decline of 71% from the average session volume of 54,008,328 shares. The stock had previously closed at $23.99.

Direxion Daily MU Bull 2X Shares Price Performance

The business’s 50-day moving average price is $39.47 and its 200-day moving average price is $21.75.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. This represents a $0.41 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, June 23rd.

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

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $716,000. Tower Research Capital LLC TRC increased its position in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after buying an additional 1,289 shares in the last quarter. Citadel Advisors LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $840,000. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $10,100,000. Finally, SBI Securities Co. Ltd. raised 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 purchasing an additional 631 shares during the last quarter.

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.