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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down before the market opened on Wednesday . The stock had previously closed at $767.43, but opened at $715.00. Direxion Daily MU Bull 2X Shares shares last traded at $753.25, with a volume of 1,261,964 shares.

Direxion Daily MU Bull 2X Shares Stock Up 23.5%

The business’s 50 day simple moving average is $462.93 and its 200 day simple moving average is $258.34.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.3%.

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

Several institutional investors have recently modified their holdings of MUU. 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 valued at $64,000 after acquiring an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $658,000.

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.