Investors Buy Large Volume of Direxion Daily MU Bull 2X Shares Call Options (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw some unusual options trading on Monday. Investors acquired 5,385 call options on the company. This is an increase of 64% compared to the typical daily volume of 3,281 call options.

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

Several hedge funds and other institutional investors have recently modified their holdings of MUU. UBS Group AG bought a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at $716,000. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $840,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $1,533,000. Finally, Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at $883,000.

Direxion Daily MU Bull 2X Shares Trading Up 5.1%

Shares of MUU traded up $1.39 during mid-day trading on Monday, reaching $28.63. The company’s stock had a trading volume of 18,502,300 shares, compared to its average volume of 53,840,527. The company’s fifty day moving average price is $39.11 and its two-hundred day moving average price is $20.03. Direxion Daily MU Bull 2X Shares has a 52 week low of $0.84 and a 52 week high of $62.64.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.4%.

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.