Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 885.5% in July

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 9,489,943 shares, a growth of 885.5% from the June 30th total of 962,979 shares. Based on an average trading volume of 47,198,710 shares, the short-interest ratio is currently 0.2 days. Currently, 5.9% of the company’s stock are short sold.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of NASDAQ:MUU opened at $31.27 on Monday. Direxion Daily MU Bull 2X Shares has a 52-week low of $0.84 and a 52-week high of $62.64. The company has a 50-day simple moving average of $39.53 and a 200 day simple moving average of $21.00.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1024 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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 period. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $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.