Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down prior to trading on Friday . The stock had previously closed at $579.52, but opened at $515.00. Direxion Daily MU Bull 2X Shares shares last traded at $512.82, with a volume of 1,001,490 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50-day simple moving average of $244.87 and a 200 day simple moving average of $167.30.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.6767 dividend. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% during 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. raised its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after acquiring an additional 631 shares during the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $482,000. Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $658,000. Finally, Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at $677,000.

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.