Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading 5.9% Higher – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price were up 5.9% during mid-day trading on Friday . The stock traded as high as $145.16 and last traded at $142.98. Approximately 1,974,888 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 2,244,650 shares. The stock had previously closed at $135.06.

Direxion Daily MU Bull 2X Shares Price Performance

The company has a 50-day moving average price of $188.07 and a 200-day moving average price of $113.13.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a $0.6767 dividend. This represents a $2.71 annualized dividend and a yield of 2.0%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date is Tuesday, March 24th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Client First Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $883,000. Csenge Advisory Group acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $677,000. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth 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 in the last quarter. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter worth $10,100,000. Finally, Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth about $840,000.

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.