Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 13% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price rose 13% during mid-day trading on Wednesday . The company traded as high as $1,007.17 and last traded at $1,002.58. Approximately 2,193,701 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 2,657,928 shares. The stock had previously closed at $886.92.

Direxion Daily MU Bull 2X Shares Stock Performance

The business’s 50 day moving average price is $543.05 and its 200 day moving average price is $289.14.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a yield of 0.3%. This is a boost 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

Large investors have recently bought and sold shares of 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 approximately $716,000. Tower Research Capital LLC TRC boosted its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares during the last quarter. Optiver Holding B.V. increased its position in shares of 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 purchasing an additional 23,032 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth approximately $840,000. Finally, UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $10,100,000.

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.