Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Update

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 492,429 shares, a growth of 48.0% from the January 29th total of 332,641 shares. Based on an average daily trading volume, of 2,627,937 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.2% of the shares of the stock are sold short. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,627,937 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily MU Bull 2X Shares Stock Down 1.6%

NASDAQ MUU traded down $3.20 on Friday, hitting $191.93. 1,227,055 shares of the company were exchanged, compared to its average volume of 2,051,571. Direxion Daily MU Bull 2X Shares has a 1-year low of $6.77 and a 1-year high of $249.10. The firm has a 50 day moving average of $163.03 and a two-hundred day moving average of $92.20.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $716,000. SBI Securities Co. Ltd. raised its holdings in Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at about $1,188,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 1,289 shares during the period. Finally, Belvedere Trading LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $844,000.

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.