Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Declares Dividend Increase – $0.20 Per Share

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) announced a quarterly dividend on Monday, September 21st. Investors of record on Tuesday, September 22nd will be paid a dividend of 0.2028 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 98.1% increase from Direxion Daily MU Bull 2X ETF’s previous quarterly dividend of $0.10.

Direxion Daily MU Bull 2X ETF Stock Up 9.4%

MUU stock traded up $3.36 during midday trading on Tuesday, hitting $38.92. The company’s stock had a trading volume of 29,215,474 shares, compared to its average volume of 49,107,547. The stock’s 50-day moving average price is $29.99 and its 200 day moving average price is $26.94. Direxion Daily MU Bull 2X ETF has a 1 year low of $1.77 and a 1 year high of $62.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $1,533,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the 4th quarter worth about $883,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $808,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $658,000.

About Direxion Daily MU Bull 2X ETF

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.