Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Large Decline in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 226,068 shares, a decrease of 73.4% from the December 15th total of 849,296 shares. Based on an average trading volume of 1,495,910 shares, the short-interest ratio is currently 0.2 days. Currently, 4.5% of the shares of the company are sold short. Currently, 4.5% of the shares of the company are sold short. Based on an average trading volume of 1,495,910 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily MU Bull 2X Shares Stock Performance

MUU stock traded down $5.19 during midday trading on Tuesday, reaching $138.85. The stock had a trading volume of 708,017 shares, compared to its average volume of 1,444,384. The firm has a fifty day simple moving average of $88.43 and a two-hundred day simple moving average of $53.47. Direxion Daily MU Bull 2X Shares has a 52-week low of $6.77 and a 52-week high of $148.49.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at approximately $1,188,000. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $844,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $716,000. Delta Investment Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter worth $341,000. Finally, SBI Securities Co. Ltd. lifted its position in Direxion Daily MU Bull 2X Shares by 25,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after purchasing an additional 1,022 shares during the period.

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.