Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 12.1% – Time to Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) were up 12.1% during mid-day trading on Friday . The company traded as high as $159.87 and last traded at $152.75. Approximately 1,396,824 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 1,403,753 shares. The stock had previously closed at $136.29.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s fifty day moving average price is $93.60 and its 200 day moving average price is $56.54.

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 given a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Several institutional investors have recently made changes to their positions in MUU. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares during the last quarter. Tower Research Capital LLC TRC raised 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 valued at $64,000 after acquiring an additional 1,289 shares in the last quarter. Delta Investment Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $341,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $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.