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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Tuesday . The stock had previously closed at $678.20, but opened at $747.01. Direxion Daily MU Bull 2X Shares shares last traded at $734.92, with a volume of 628,105 shares traded.

Direxion Daily MU Bull 2X Shares Stock Up 7.0%

The firm’s 50 day moving average price is $769.03 and its two-hundred day moving average price is $386.06.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 yield of 1.1%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at $10,100,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $716,000. Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. Optiver Holding B.V. purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $1,533,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $883,000.

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.