Direxion Daily MU Bull 2X Shares Sees Unusually Large Options Volume (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of some unusual options trading on Tuesday. Stock traders purchased 9,917 call options on the company. This represents an increase of approximately 80% compared to the typical volume of 5,513 call options.

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

Several large investors have recently bought and sold shares of the stock. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $677,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $883,000. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter worth $10,100,000. PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, SBI Securities Co. Ltd. boosted its position in 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 worth $128,000 after purchasing an additional 631 shares during the last quarter.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of Direxion Daily MU Bull 2X Shares stock traded up $3.79 on Tuesday, hitting $27.78. The company had a trading volume of 28,677,989 shares, compared to its average volume of 54,119,020. Direxion Daily MU Bull 2X Shares has a 1 year low of $0.89 and a 1 year high of $62.64. The stock has a 50 day moving average of $39.47 and a 200-day moving average of $21.75.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1024 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.