Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 134.6% in July

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 22,262,372 shares, an increase of 134.6% from the July 15th total of 9,489,943 shares. Based on an average daily trading volume, of 57,130,831 shares, the days-to-cover ratio is presently 0.4 days. Currently, 15.3% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after acquiring an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of 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 purchasing an additional 631 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $658,000.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of NASDAQ MUU traded up $1.39 during trading hours on Friday, hitting $32.39. 30,988,294 shares of the stock were exchanged, compared to its average volume of 53,369,895. The company’s fifty day simple moving average is $36.74 and its two-hundred day simple moving average is $22.91. Direxion Daily MU Bull 2X Shares has a 1-year low of $0.99 and a 1-year high of $62.64.

Direxion Daily MU Bull 2X Shares Dividend Announcement

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

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.