Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $333.96, but opened at $372.41. Direxion Daily MU Bull 2X Shares shares last traded at $395.00, with a volume of 863,444 shares traded.

Direxion Daily MU Bull 2X Shares Trading Up 21.4%

The business’s fifty day moving average is $192.16 and its 200 day moving average is $141.17.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MUU. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at $716,000. Tower Research Capital LLC TRC grew its position in Direxion Daily MU Bull 2X Shares by 95.1% in the second 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 in the last quarter. Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares in the third quarter valued at $844,000. Optiver Holding B.V. grew its position in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Direxion Daily MU Bull 2X Shares in the third quarter valued at $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.