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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $179.35, but opened at $185.90. Direxion Daily MU Bull 2X Shares shares last traded at $189.20, with a volume of 752,631 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Down 6.4%

The company’s 50 day simple moving average is $176.46 and its 200 day simple moving average is $101.29.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid 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 Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG purchased a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $716,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at about $1,188,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. Finally, Belvedere Trading LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $844,000.

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.