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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down before the market opened on Thursday . The stock had previously closed at $193.16, but opened at $184.50. Direxion Daily MU Bull 2X Shares shares last traded at $179.53, with a volume of 980,615 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50-day moving average price of $178.01 and a 200-day moving average price of $102.52.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared 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 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 buying an additional 1,289 shares during the period. Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $677,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $883,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $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.