Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 134.6% in July

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 22,262,372 shares, an increase of 134.6% from the July 15th total of 9,489,943 shares. Based on an average daily volume of 57,130,831 shares, the days-to-cover ratio is presently 0.4 days. Approximately 15.3% of the shares of the stock are short sold.

Direxion Daily MU Bull 2X Shares Trading Up 4.5%

MUU stock traded up $1.39 during midday trading on Friday, reaching $32.39. The stock had a trading volume of 30,988,294 shares, compared to its average volume of 53,369,895. The company’s fifty day simple moving average is $36.74 and its 200 day simple moving average is $22.91. Direxion Daily MU Bull 2X Shares has a 52-week low of $0.99 and a 52-week high of $62.64.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1024 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $716,000. Tower Research Capital LLC TRC grew its stake in 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 acquiring an additional 1,289 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. UBS Group AG purchased a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter worth approximately $10,100,000. Finally, SBI Securities Co. Ltd. lifted its stake 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 in the last quarter.

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.