Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 11.7% – Here’s Why

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) rose 11.7% during trading on Thursday . The stock traded as high as $783.42 and last traded at $774.90. Approximately 2,245,217 shares were traded during trading, a decline of 15% from the average daily volume of 2,644,122 shares. The stock had previously closed at $693.57.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s fifty day simple moving average is $476.71 and its 200 day simple moving average is $262.35.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 annualized dividend and a yield of 0.3%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds have recently bought and sold shares of MUU. UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Optiver Holding B.V. raised its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during 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 during the period. Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000. Finally, Client First Investment Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $883,000.

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.