Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Update

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 492,429 shares, an increase of 48.0% from the January 29th total of 332,641 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average trading volume of 2,627,937 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 2,627,937 shares, the days-to-cover ratio is currently 0.2 days. Currently, 7.2% of the shares of the stock are sold short.

Direxion Daily MU Bull 2X Shares Trading Down 0.2%

MUU stock traded down $0.31 during mid-day trading on Monday, hitting $191.62. 1,574,888 shares of the stock were exchanged, compared to its average volume of 2,039,773. The business has a fifty day moving average price of $164.95 and a 200 day moving average price of $93.86. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $249.10.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.3775 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a yield of 0.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. SBI Securities Co. Ltd. grew its holdings 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 last quarter. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 2nd quarter worth $1,188,000. Tower Research Capital LLC TRC raised its position in 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 worth $64,000 after purchasing an additional 1,289 shares during the period. Finally, Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth $844,000.

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.