Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 5.8% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price rose 5.8% on Monday . The stock traded as high as $154.69 and last traded at $148.51. Approximately 1,470,581 shares changed hands during trading, a decline of 38% from the average daily volume of 2,384,776 shares. The stock had previously closed at $140.43.

Direxion Daily MU Bull 2X Shares Stock Up 8.0%

The firm has a 50 day moving average price of $183.21 and a 200 day moving average price of $118.39.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of 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 acquiring an additional 1,289 shares during the period. SBI Securities Co. Ltd. raised its stake in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares during the period. Csenge Advisory Group purchased a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $677,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth approximately $716,000. Finally, Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the third 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.