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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $333.96, but opened at $372.41. Direxion Daily MU Bull 2X Shares shares last traded at $395.00, with a volume of 863,444 shares changing hands.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50-day moving average of $205.29 and a 200-day moving average of $148.85.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.7%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during 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% during the second 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 period. Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $844,000. Optiver Holding B.V. boosted its holdings in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth approximately $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.