Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Monday . The stock had previously closed at $745.39, but opened at $670.56. Direxion Daily MU Bull 2X Shares shares last traded at $649.02, with a volume of 628,086 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Down 7.6%

The firm’s fifty day moving average price is $760.82 and its 200-day moving average price is $381.93.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of MUU. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth 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 bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $315,000. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd 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 during the last quarter. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $658,000.

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.