Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 52-Week High – Here’s Why

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) hit a new 52-week high on Monday . The company traded as high as $128.65 and last traded at $128.65, with a volume of 214948 shares trading hands. The stock had previously closed at $121.73.

Direxion Daily MU Bull 2X Shares Trading Up 20.0%

The stock has a fifty day moving average of $83.22 and a 200 day moving average of $50.28.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its holdings in Direxion Daily MU Bull 2X Shares by 25,550.0% in 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 in the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 1,289 shares during the period. Delta Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the second quarter worth approximately $341,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $716,000. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $840,000.

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.