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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Monday . The stock had previously closed at $661.33, but opened at $773.52. Direxion Daily MU Bull 2X Shares shares last traded at $772.01, with a volume of 1,620,472 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s 50 day moving average is $410.81 and its 200 day moving average is $238.26.

Direxion Daily MU Bull 2X Shares Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at $716,000. Tower Research Capital LLC TRC grew its stake 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 worth $64,000 after acquiring an additional 1,289 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the third 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 in the last quarter. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at $840,000. Finally, UBS Group AG bought a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $10,100,000.

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.