Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $207.34, but opened at $220.25. Direxion Daily MU Bull 2X Shares shares last traded at $219.96, with a volume of 728,464 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 2.5%

The business’s 50-day simple moving average is $184.93 and its 200-day simple moving average is $132.53.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, March 24th. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MUU. Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $716,000. Tower Research Capital LLC TRC lifted its position in 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 valued at $64,000 after purchasing an additional 1,289 shares during the period. Belvedere Trading LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $844,000. Optiver Holding B.V. raised its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at approximately $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.