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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Thursday . The stock had previously closed at $29.49, but opened at $31.44. Direxion Daily MU Bull 2X Shares shares last traded at $29.42, with a volume of 6,733,785 shares changing hands.

Direxion Daily MU Bull 2X Shares Trading Down 2.3%

The stock’s 50-day moving average price is $34.89 and its 200-day moving average price is $24.16.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUU. UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $716,000. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter worth $840,000. Optiver Holding B.V. acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $1,533,000. Finally, Client First Investment Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at $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.