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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $169.08, but opened at $157.54. Direxion Daily MU Bull 2X Shares shares last traded at $158.40, with a volume of 2,117,997 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 7.5%

The business has a fifty day simple moving average of $187.62 and a 200 day simple moving average of $112.67.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.6767 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $2.71 annualized dividend and a yield of 1.7%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $10,100,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $716,000. Optiver Holding B.V. raised its holdings in 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 valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth approximately $844,000. Finally, Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $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.