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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $120.38, but opened at $128.73. Direxion Daily MU Bull 2X Shares shares last traded at $133.12, with a volume of 1,715,807 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Up 22.2%

The company has a 50-day moving average price of $185.93 and a two-hundred day moving average price of $116.22.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.6767 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a yield of 1.8%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $716,000. Tower Research Capital LLC TRC lifted 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 buying an additional 1,289 shares in the last quarter. Belvedere Trading LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth $844,000. Optiver Holding B.V. boosted its position in Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after buying an additional 23,032 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $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.