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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $179.35, but opened at $185.90. Direxion Daily MU Bull 2X Shares shares last traded at $189.20, with a volume of 752,631 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The business’s 50 day moving average price is $173.01 and its 200-day moving average price is $100.08.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

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

Institutional investors have recently made changes to their positions in the company. UBS Group AG acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at about $1,188,000. Optiver Holding B.V. raised its stake in Direxion Daily MU Bull 2X Shares by 166.8% during 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 period. Finally, Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth about $844,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.

Further Reading

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