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 Tuesday . The stock had previously closed at $678.20, but opened at $747.01. Direxion Daily MU Bull 2X Shares shares last traded at $734.92, with a volume of 628,105 shares changing hands.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a fifty day moving average of $767.55 and a 200-day moving average of $390.07.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $2.047 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a dividend yield of 26.2%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its position in shares of 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 valued at $128,000 after acquiring an additional 631 shares during the period. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $315,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares during the period. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $658,000.

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.