Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up After Dividend Announcement

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up prior to trading on Monday after the company announced a dividend. The stock had previously closed at $1,080.08, but opened at $1,200.00. Direxion Daily MU Bull 2X Shares shares last traded at $1,172.73, with a volume of 1,058,401 shares traded.

The newly announced dividend which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $2.047 dividend. This represents a $8.19 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Direxion Daily MU Bull 2X Shares Stock Down 25.8%

The stock has a 50 day moving average of $596.79 and a two-hundred day moving average of $310.24.

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

Several institutional investors have recently made changes to their positions in MUU. SBI Securities Co. Ltd. increased its holdings 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 holdings 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 worth $64,000 after buying an additional 1,289 shares in the last quarter. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $658,000.

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.