Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 1-Year High – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1,082.00 and last traded at $1,073.68, with a volume of 1458236 shares traded. The stock had previously closed at $924.16.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50-day moving average price is $561.22 and its 200 day moving average price is $294.67.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.6767 dividend. The ex-dividend date of this dividend 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 0.3%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised 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 worth $64,000 after acquiring an additional 1,289 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th 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 period. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $658,000.

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.