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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up prior to trading 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.

Direxion Daily MU Bull 2X Shares Stock Up 10.6%

The company has a 50 day moving average price of $183.12 and a two-hundred day moving average price of $131.03.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.6767 dividend. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds have recently bought and sold shares of MUU. Tower Research Capital LLC TRC increased its position in 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. increased its position in 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. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at $677,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter valued at $716,000. Finally, Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the third quarter valued at $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.