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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Tuesday . The stock had previously closed at $35.01, but opened at $31.18. Direxion Daily MU Bull 2X Shares shares last traded at $31.59, with a volume of 9,083,822 shares.

Direxion Daily MU Bull 2X Shares Stock Down 11.6%

The business has a 50 day moving average of $36.65 and a two-hundred day moving average of $23.18.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1024 dividend. This represents a $0.41 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds have recently modified their holdings of MUU. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the period. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. Tower Research Capital LLC TRC lifted its position in Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares during the last quarter. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $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.