Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 12-Month High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $676.61 and last traded at $676.61, with a volume of 1154007 shares trading hands. The stock had previously closed at $534.37.

Direxion Daily MU Bull 2X Shares Price Performance

The stock’s 50-day moving average price is $313.57 and its 200 day moving average price is $198.38.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.6767 dividend. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its position in Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares during the period. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $315,000. Tower Research Capital LLC TRC increased its position in Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares during the period. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $658,000.

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.