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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $120.38, but opened at $128.73. Direxion Daily MU Bull 2X Shares shares last traded at $133.12, with a volume of 1,715,807 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50-day moving average of $184.20 and a two-hundred day moving average of $116.56.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.6767 dividend. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Several large investors have recently modified their holdings of MUU. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily MU Bull 2X Shares by 95.1% during 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 purchased a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $677,000. Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $883,000. Finally, Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth 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.