Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 6.8% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares traded down 6.8% during mid-day trading on Tuesday . The stock traded as low as $154.06 and last traded at $157.81. 1,105,761 shares traded hands during trading, a decline of 47% from the average session volume of 2,070,073 shares. The stock had previously closed at $169.29.

Direxion Daily MU Bull 2X Shares Stock Down 3.9%

The company’s 50 day simple moving average is $130.29 and its 200 day simple moving average is $75.55.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. UBS Group AG purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth about $10,100,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $716,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the second quarter worth approximately $1,188,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after purchasing an additional 23,032 shares during the last quarter. Finally, Belvedere Trading LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at $844,000.

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.