Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Increases Dividend to $0.68 Per Share

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.6767 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 24th. This is a 79.3% increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of MUU traded down $8.02 during trading hours on Tuesday, reaching $169.08. The stock had a trading volume of 2,395,091 shares, compared to its average volume of 2,201,406. The firm has a 50-day simple moving average of $186.99 and a 200 day simple moving average of $111.66. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $249.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MUU. Belvedere Trading LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth about $844,000. Optiver Holding B.V. lifted its position in 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 acquiring an additional 23,032 shares in the last quarter. UBS Group AG bought a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $10,100,000. Csenge Advisory Group acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter valued at about $677,000. Finally, Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter valued at about $883,000.

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.