Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading 7.3% Higher – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price traded up 7.3% on Wednesday . The stock traded as high as $639.90 and last traded at $609.60. 1,366,857 shares changed hands during trading, a decline of 44% from the average session volume of 2,444,948 shares. The stock had previously closed at $568.35.

Direxion Daily MU Bull 2X Shares Stock Up 8.4%

The company has a 50 day moving average price of $227.89 and a 200-day moving average price of $159.75.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.4%.

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

Several large investors have recently bought and sold shares of MUU. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 valued at $64,000 after acquiring an additional 1,289 shares in the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $482,000. Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $808,000.

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.