Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 15.6% – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price traded up 15.6% on Thursday . The stock traded as high as $815.00 and last traded at $812.50. Approximately 984,658 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 2,717,715 shares. The stock had previously closed at $703.05.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50-day moving average price is $741.21 and its two-hundred day moving average price is $372.59.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

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