Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Significant Decline in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 289,636 shares, a decrease of 48.8% from the May 31st total of 566,004 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily trading volume, of 3,604,187 shares, the short-interest ratio is currently 0.1 days.

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

Several institutional investors and hedge funds have recently modified their holdings of MUU. Tower Research Capital LLC TRC grew its holdings 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 worth $64,000 after buying an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares during the period. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $315,000. PFG Investments LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $658,000.

Direxion Daily MU Bull 2X Shares Stock Down 12.3%

Shares of NASDAQ:MUU traded down $104.80 during midday trading on Thursday, reaching $745.21. The company’s stock had a trading volume of 3,809,955 shares, compared to its average volume of 2,741,974. Direxion Daily MU Bull 2X Shares has a twelve month low of $16.73 and a twelve month high of $1,252.80. The stock has a fifty day moving average of $692.67 and a 200 day moving average of $349.45.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. This represents a $8.19 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.