Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sets New 1-Year High – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) reached a new 52-week high during trading on Wednesday . The company traded as high as $205.08 and last traded at $199.24, with a volume of 1684955 shares changing hands. The stock had previously closed at $180.00.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock’s 50 day moving average is $113.73 and its 200-day moving average is $66.64.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.3775 per share. 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 0.6%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position in shares of 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 buying an additional 1,022 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after buying an additional 1,289 shares during the period. Delta Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter worth approximately $341,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $716,000. Finally, Citadel Advisors LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $840,000.

Direxion Daily MU Bull 2X Shares Company Profile

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.