Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 12-Month High – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $173.70 and last traded at $171.97, with a volume of 945183 shares traded. The stock had previously closed at $157.33.

Direxion Daily MU Bull 2X Shares Trading Up 1.7%

The company has a fifty day moving average of $94.96 and a 200-day moving average of $57.71.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. Belvedere Trading LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth $844,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at $1,188,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Delta Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the second quarter worth about $341,000. Finally, Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $840,000.

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.