Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $745.39, but opened at $670.56. Direxion Daily MU Bull 2X Shares shares last traded at $649.02, with a volume of 628,086 shares changing hands.

Direxion Daily MU Bull 2X Shares Price Performance

The company’s fifty day simple moving average is $760.82 and its 200 day simple moving average is $381.93.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $2.047 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MUU. SBI Securities Co. Ltd. raised its position 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 worth $128,000 after acquiring an additional 631 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 buying an additional 1,289 shares during the last quarter. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth 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.