Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 13% – Should You Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) rose 13% during mid-day trading on Wednesday . The company traded as high as $206.19 and last traded at $205.92. Approximately 1,192,870 shares traded hands during trading, a decline of 43% from the average daily volume of 2,101,600 shares. The stock had previously closed at $182.30.

Direxion Daily MU Bull 2X Shares Stock Up 10.2%

The stock has a fifty day moving average of $143.41 and a 200 day moving average of $82.61.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.3775 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 0.8%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Delta Investment Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the second quarter worth $341,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after purchasing an additional 1,022 shares during the period. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at $1,188,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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 in the last quarter.

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.