Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 6.2% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price traded down 6.2% during mid-day trading on Friday . The company traded as low as $196.58 and last traded at $201.79. 1,617,549 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 2,144,701 shares. The stock had previously closed at $215.03.

Direxion Daily MU Bull 2X Shares Trading Down 11.1%

The company has a 50 day moving average of $185.32 and a 200 day moving average of $108.14.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Large investors have recently made changes to their positions in the company. Client First Investment Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $883,000. Csenge Advisory Group acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $677,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after purchasing an additional 631 shares during the last quarter. UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $10,100,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $840,000.

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.