Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Rises By 232.5%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 962,979 shares, an increase of 232.5% from the June 15th total of 289,636 shares. Based on an average daily trading volume, of 3,491,646 shares, the days-to-cover ratio is presently 0.3 days. Currently, 11.9% of the company’s stock are short sold.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of MUU traded up $64.45 during mid-day trading on Tuesday, hitting $742.65. 1,595,403 shares of the company’s stock were exchanged, compared to its average volume of 2,708,063. Direxion Daily MU Bull 2X Shares has a 52 week low of $16.73 and a 52 week high of $1,252.80. The company has a 50-day simple moving average of $769.03 and a 200 day simple moving average of $386.06.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $2.047 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a yield of 1.1%.

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

A number of large investors have recently modified their holdings of the business. Csenge Advisory Group acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $677,000. Client First Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $883,000. UBS Group AG acquired a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $10,100,000. PFG Investments LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $482,000. Finally, SBI Securities Co. Ltd. grew its stake 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 valued at $128,000 after purchasing an additional 631 shares in the last quarter.

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.