Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Thursday . The stock had previously closed at $133.69, but opened at $143.31. Direxion Daily MU Bull 2X Shares shares last traded at $141.51, with a volume of 402,330 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock’s 50 day moving average price is $93.60 and its two-hundred day moving average price is $56.31.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.3775 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MUU. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $716,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the second quarter worth approximately $1,188,000. Optiver Holding B.V. grew its position 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 acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $844,000. Finally, Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at $840,000.

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.