Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading 15.6% Higher – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price shot up 15.6% on Thursday . The stock traded as high as $815.00 and last traded at $812.50. 984,658 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 2,717,715 shares. The stock had previously closed at $703.05.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm has a 50 day moving average price of $760.82 and a 200-day moving average price of $379.92.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 was Tuesday, June 23rd.

Hedge Funds Weigh In On 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 grew its position in shares of 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 during the last quarter. SBI Securities Co. Ltd. raised 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 worth $128,000 after purchasing an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $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.