Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 9% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) were down 9% on Thursday . The company traded as low as $141.51 and last traded at $143.20. Approximately 1,150,806 shares were traded during trading, a decline of 48% from the average daily volume of 2,214,403 shares. The stock had previously closed at $157.39.

Direxion Daily MU Bull 2X Shares Trading Down 11.8%

The stock’s 50-day simple moving average is $188.09 and its 200 day simple moving average is $112.98.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a $0.6767 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings 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 worth $64,000 after purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares in the last quarter. Csenge Advisory Group acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $677,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Finally, Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $840,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.

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