Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 11.2% – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price were down 11.2% on Friday . The stock traded as low as $32.32 and last traded at $32.39. Approximately 8,709,729 shares traded hands during trading, a decline of 84% from the average daily volume of 53,456,871 shares. The stock had previously closed at $36.49.

Direxion Daily MU Bull 2X Shares Stock Performance

The business has a 50 day moving average price of $39.41 and a 200-day moving average price of $20.82.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 1,289 shares during the period. SBI Securities Co. Ltd. raised 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 during the period. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC bought 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.