Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 9.6% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares traded down 9.6% on Tuesday . The stock traded as low as $884.74 and last traded at $908.10. 2,195,449 shares were traded during mid-day trading, a decline of 17% from the average session volume of 2,651,902 shares. The stock had previously closed at $1,004.67.

Direxion Daily MU Bull 2X Shares Stock Down 6.4%

The company’s 50 day simple moving average is $493.99 and its two-hundred day simple moving average is $270.31.

Direxion Daily MU Bull 2X Shares Increases Dividend

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

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

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $716,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after buying an additional 1,289 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the third 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 last quarter. Citadel Advisors LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $840,000. Finally, UBS Group AG purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth $10,100,000.

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.