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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $133.69, but opened at $143.31. Direxion Daily MU Bull 2X Shares shares last traded at $141.51, with a volume of 402,330 shares traded.

Direxion Daily MU Bull 2X Shares Stock Up 5.3%

The company’s 50 day simple moving average is $90.92 and its 200-day simple moving average is $54.82.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, December 23rd.

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

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $1,188,000. Optiver Holding B.V. lifted its position in shares of 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 worth $1,528,000 after purchasing an additional 23,032 shares during the period. Belvedere Trading LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $844,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at $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.