Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sets New 12-Month High – Time to Buy?

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

Direxion Daily MU Bull 2X Shares Stock Down 2.9%

The business has a fifty day moving average of $90.92 and a 200-day moving average of $54.82.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued 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 institutional investors have recently made changes to their positions in MUU. Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $844,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth approximately $1,188,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $716,000. Delta Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $341,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $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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