Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 13% – Still a Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) were up 13% on Tuesday . The stock traded as high as $134.59 and last traded at $134.49. Approximately 560,569 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 1,326,114 shares. The stock had previously closed at $119.05.

Direxion Daily MU Bull 2X Shares Stock Down 7.1%

The company has a 50 day moving average of $84.53 and a 200 day moving average of $50.90.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.3775 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 1.2%.

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

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $716,000. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 2nd quarter worth approximately $1,188,000. Optiver Holding B.V. boosted its position in Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares during the period. Belvedere Trading LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $844,000. Finally, Citadel Advisors LLC bought a new position in shares of 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.