Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 1-Year High – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $646.29 and last traded at $613.59, with a volume of 3721245 shares changing hands. The stock had previously closed at $542.72.

Direxion Daily MU Bull 2X Shares Stock Up 9.6%

The company’s 50 day moving average price is $236.51 and its 200 day moving average price is $163.70.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.6767 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 annualized dividend and a dividend yield of 0.4%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its stake 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. PFG Investments LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $482,000. Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $808,000.

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.