Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 12-Month High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $146.43 and last traded at $142.47, with a volume of 316963 shares trading hands. The stock had previously closed at $143.56.

Direxion Daily MU Bull 2X Shares Stock Down 0.1%

The firm’s fifty day moving average is $87.12 and its two-hundred day moving average is $52.64.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.3775 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a yield of 1.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MUU. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the second quarter valued at $1,188,000. Optiver Holding B.V. boosted its holdings in 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 acquiring an additional 23,032 shares in the last quarter. Belvedere Trading LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $844,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $840,000.

Direxion Daily MU Bull 2X Shares Company Profile

(Get Free Report)

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.

Further Reading

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