Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 9.7% – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded down 9.7% during mid-day trading on Thursday . The company traded as low as $160.95 and last traded at $161.75. 1,082,064 shares were traded during trading, a decline of 46% from the average session volume of 2,001,934 shares. The stock had previously closed at $179.17.

Direxion Daily MU Bull 2X Shares Trading Down 6.1%

The firm’s fifty day moving average price is $167.84 and its 200-day moving average price is $95.43.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.3775 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a yield of 0.9%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors have recently modified their holdings of the company. Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $844,000. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at about $1,188,000. Optiver Holding B.V. increased its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the period. SBI Securities Co. Ltd. raised its position 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 worth $25,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $883,000.

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.