Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $19.63, but opened at $22.51. Direxion Daily MU Bull 2X Shares shares last traded at $24.30, with a volume of 26,472,316 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 11.9%

The stock’s 50 day moving average is $39.52 and its 200 day moving average is $21.53.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several hedge funds have recently modified their holdings of the company. UBS Group AG acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at $10,100,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at about $716,000. Citadel Advisors LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the third quarter worth about $840,000. Optiver Holding B.V. acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $1,533,000. Finally, Client First Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $883,000.

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.