Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 15.1% – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price dropped 15.1% during trading on Wednesday . The company traded as low as $172.24 and last traded at $174.83. Approximately 1,384,215 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,922,955 shares. The stock had previously closed at $206.01.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm has a 50-day moving average of $122.51 and a two-hundred day moving average of $71.28.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.9%.

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

Several large investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $716,000. Delta Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at about $341,000. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares during the period. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the second quarter worth about $1,188,000. Finally, Tower Research Capital LLC TRC increased 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 acquiring an additional 1,289 shares during the period.

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.