Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Tuesday . The stock had previously closed at $760.00, but opened at $663.00. Direxion Daily MU Bull 2X Shares shares last traded at $661.35, with a volume of 812,750 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s 50-day simple moving average is $723.96 and its two-hundred day simple moving average is $363.79.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.3%.

Hedge Funds 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. Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $658,000.

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.