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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Tuesday . The stock had previously closed at $760.00, but opened at $663.00. Direxion Daily MU Bull 2X Shares shares last traded at $661.35, with a volume of 812,750 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Up 2.1%

The business’s 50 day moving average is $741.21 and its 200 day moving average is $372.59.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $2.047 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.2%.

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

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in the fourth 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. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $658,000.

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.