Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 12-Month High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price hit a new 52-week high on Thursday . The stock traded as high as $1,082.00 and last traded at $1,073.68, with a volume of 1458236 shares trading hands. The stock had previously closed at $924.16.

Direxion Daily MU Bull 2X Shares Stock Up 18.8%

The business has a fifty day moving average of $524.43 and a two-hundred day moving average of $282.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change 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

A number of institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. lifted its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the third 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 in the last quarter. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $883,000. Csenge Advisory Group purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $677,000. UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares during the last quarter.

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.