Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.14, but opened at $32.83. Direxion Daily MU Bull 2X Shares shares last traded at $34.56, with a volume of 11,694,831 shares.

Direxion Daily MU Bull 2X Shares Trading Up 0.6%

The company has a 50-day moving average of $39.20 and a two-hundred day moving average of $20.40.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.2%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $1,533,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $315,000. Renaissance Technologies LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $1,023,000. Spartan Wealth Advisory Services LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $808,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $658,000.

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.