Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 59.1% in February

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 783,238 shares, an increase of 59.1% from the February 12th total of 492,429 shares. Approximately 11.5% of the shares of the company are sold short. Based on an average daily volume of 1,411,452 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 1,411,452 shares, the short-interest ratio is currently 0.6 days. Approximately 11.5% of the shares of the company are sold short.

Direxion Daily MU Bull 2X Shares Trading Up 10.2%

Shares of Direxion Daily MU Bull 2X Shares stock traded up $18.40 during trading hours on Friday, hitting $199.22. 2,810,085 shares of the company’s stock traded hands, compared to its average volume of 2,056,834. Direxion Daily MU Bull 2X Shares has a 12-month low of $6.77 and a 12-month high of $249.10. The company has a fifty day simple moving average of $178.01 and a 200-day simple moving average of $103.10.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given 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 0.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MUU. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd 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 during the period. Tower Research Capital LLC TRC lifted its stake in Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Csenge Advisory Group bought a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at $677,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at $716,000. Finally, Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth $840,000.

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.