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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Friday . The stock had previously closed at $195.13, but opened at $182.02. Direxion Daily MU Bull 2X Shares shares last traded at $195.00, with a volume of 783,704 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 1.6%

The company has a 50 day moving average of $160.96 and a 200-day moving average of $90.57.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.3775 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%.

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

Several institutional investors have recently modified their holdings of MUU. UBS Group AG acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter worth $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the second quarter worth approximately $1,188,000. Optiver Holding B.V. lifted its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after acquiring an additional 23,032 shares during the last quarter. Finally, Belvedere Trading LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at approximately $844,000.

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.