Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 52-Week High – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $261.01 and last traded at $255.05, with a volume of 1067830 shares. The stock had previously closed at $236.11.

Direxion Daily MU Bull 2X Shares Stock Performance

The business has a fifty day moving average of $184.93 and a two-hundred day moving average of $132.53.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in 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 buying an additional 631 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 1,289 shares in the last quarter. Csenge Advisory Group acquired a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at $677,000. Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at $883,000. Finally, Citadel Advisors LLC acquired a new position in 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.