Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 10.4% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) fell 10.4% on Friday . The stock traded as low as $23.99 and last traded at $24.16. 53,983,641 shares traded hands during trading, a decline of 0% from the average session volume of 54,058,527 shares. The stock had previously closed at $26.97.

Direxion Daily MU Bull 2X Shares Stock Down 6.2%

The stock has a 50 day simple moving average of $39.58 and a 200-day simple moving average of $21.51.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1024 dividend. This represents a $0.41 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

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

Institutional investors have recently bought and sold shares of the business. UBS Group AG purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth $10,100,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $1,533,000. Finally, Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $883,000.

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.