Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 8.9% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price fell 8.9% on Thursday . The stock traded as low as $750.00 and last traded at $774.38. 2,047,043 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 2,725,810 shares. The stock had previously closed at $850.01.

Direxion Daily MU Bull 2X Shares Trading Down 12.7%

The business’s 50 day moving average price is $692.67 and its 200-day moving average price is $349.45.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

A number of large investors have recently modified their holdings of the business. UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at $716,000. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $840,000. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $1,533,000. Finally, Client First Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth $883,000.

About Direxion Daily MU Bull 2X Shares

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.