Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $1,231.65, but opened at $962.19. Direxion Daily MU Bull 2X Shares shares last traded at $980.00, with a volume of 1,550,709 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The company has a 50-day simple moving average of $582.17 and a two-hundred day simple moving average of $304.32.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $2.047 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $1,533,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $315,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $808,000. Finally, Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $658,000.

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.