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 Wednesday . The stock had previously closed at $161.53, but opened at $172.54. Direxion Daily MU Bull 2X Shares shares last traded at $173.53, with a volume of 687,700 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 2.2%

The stock’s 50-day moving average is $169.30 and its two-hundred day moving average is $95.98.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after purchasing an additional 1,022 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after buying an additional 1,289 shares during the period. Csenge Advisory Group purchased a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $677,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $716,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth $840,000.

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.