Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 10.3% – Time to Sell?

Posted by Max Byerly on Jun 24th, 2026

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report) dropped 10.3% during trading on Wednesday . The company traded as low as $803.00 and last traded at $814.38. 2,656,423 shares were traded during mid-day trading, a decline of 1% from the average session volume of 2,679,631 shares. The stock had previously closed at $907.92.

Direxion Daily MU Bull 2X Shares Trading Down 4.6%

The stock’s 50-day simple moving average is $596.79 and its 200-day simple moving average is $310.24.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,533,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth approximately $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth $1,023,000. Spartan Wealth Advisory Services LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at $808,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth approximately $658,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.