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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up prior to trading on Monday . The stock had previously closed at $503.69, but opened at $538.57. Direxion Daily MU Bull 2X Shares shares last traded at $509.86, with a volume of 862,966 shares traded.

Direxion Daily MU Bull 2X Shares Stock Up 5.2%

The firm has a fifty day simple moving average of $262.99 and a 200-day simple moving average of $175.74.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.6767 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.6%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after buying an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares in the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $658,000. Finally, Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $677,000.

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.