Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 6.4% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price dropped 6.4% during mid-day trading on Tuesday . The company traded as low as $138.20 and last traded at $139.36. Approximately 980,649 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 2,388,665 shares. The stock had previously closed at $148.92.

Direxion Daily MU Bull 2X Shares Price Performance

The stock’s 50-day moving average price is $182.59 and its 200-day moving average price is $119.14.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.6767 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 annualized dividend and a yield of 1.8%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds have recently bought and sold shares of MUU. Goldman Sachs Group Inc. bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Tower Research Capital LLC TRC lifted its position in 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 valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at 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 purchasing an additional 23,032 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in 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.