Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Grows By 19.2%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 477,244 shares, an increase of 19.2% from the March 31st total of 400,502 shares. Based on an average daily trading volume, of 3,216,926 shares, the short-interest ratio is presently 0.1 days. Approximately 8.9% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MUU. UBS Group AG purchased a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter worth approximately $10,100,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Optiver Holding B.V. grew its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after buying an additional 23,032 shares in the last quarter. Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth approximately $844,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth approximately $840,000.

Direxion Daily MU Bull 2X Shares Price Performance

MUU stock traded up $25.06 during midday trading on Friday, reaching $295.79. The company had a trading volume of 2,144,877 shares, compared to its average volume of 2,420,133. Direxion Daily MU Bull 2X Shares has a 1 year low of $10.28 and a 1 year high of $299.99. The firm has a 50-day moving average price of $192.16 and a 200-day moving average price of $139.93.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a yield of 0.9%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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.