Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $160.45, but opened at $179.47. Direxion Daily MU Bull 2X Shares shares last traded at $180.40, with a volume of 1,310,072 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Up 17.0%

The business has a 50 day simple moving average of $131.95 and a two-hundred day simple moving average of $76.55.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew 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 acquiring an additional 1,022 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at $677,000. Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter worth $883,000. Finally, Delta Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 2nd quarter worth $341,000.

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.