Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Wednesday . The stock had previously closed at $25.98, but opened at $28.68. Direxion Daily MU Bull 2X Shares shares last traded at $29.46, with a volume of 14,341,510 shares changing hands.

Direxion Daily MU Bull 2X Shares Trading Up 12.9%

The company’s 50-day moving average price is $37.53 and its 200-day moving average price is $22.55.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 1.4%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of MUU. UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $1,533,000. Finally, Client First Investment Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $883,000.

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.