Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 11.2% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price shot up 11.2% during mid-day trading on Monday . The company traded as high as $225.80 and last traded at $221.49. 878,939 shares changed hands during trading, a decline of 57% from the average session volume of 2,024,301 shares. The stock had previously closed at $199.22.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s fifty day moving average is $178.01 and its 200 day moving average is $103.67.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $1,188,000. Optiver Holding B.V. raised its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after buying an additional 23,032 shares during the last quarter. Finally, Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter worth about $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.