Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 51.8% in December

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 849,296 shares, an increase of 51.8% from the November 30th total of 559,314 shares. Based on an average trading volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days. Approximately 23.3% of the company’s shares are sold short. Approximately 23.3% of the company’s shares are sold short. Based on an average trading volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily MU Bull 2X Shares Stock Performance

Direxion Daily MU Bull 2X Shares stock traded down $1.16 during midday trading on Tuesday, reaching $106.02. The stock had a trading volume of 1,461,208 shares, compared to its average volume of 690,818. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $110.53. The company has a fifty day moving average price of $77.11 and a two-hundred day moving average price of $46.40.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.3775 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $1.51 annualized dividend and a yield of 1.4%.

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

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $64,000 after acquiring an additional 1,289 shares during the last quarter. Delta Investment Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the second quarter worth about $341,000. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $840,000. Finally, Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth $844,000.

About Direxion Daily MU Bull 2X Shares

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.