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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $141.77, but opened at $120.63. Direxion Daily MU Bull 2X Shares shares last traded at $124.29, with a volume of 935,512 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Down 2.3%

The firm has a fifty day simple moving average of $185.15 and a two-hundred day simple moving average of $116.40.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, March 24th. 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

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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. SBI Securities Co. Ltd. raised its position in Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares during the period. Csenge Advisory Group purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $677,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Finally, Citadel Advisors LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $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.