Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 10.8% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price rose 10.8% during trading on Friday . The stock traded as high as $871.86 and last traded at $870.07. Approximately 969,314 shares were traded during trading, a decline of 62% from the average daily volume of 2,524,995 shares. The stock had previously closed at $785.00.

Direxion Daily MU Bull 2X Shares Trading Up 9.8%

The firm’s fifty day moving average price is $324.61 and its 200-day moving average price is $203.35.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.3%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $315,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after buying an additional 1,289 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $658,000.

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.