Client First Investment Management LLC Invests $883,000 in Direxion Daily MU Bull 2X Shares $MUU

Client First Investment Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) during the 4th quarter, HoldingsChannel reports. The fund purchased 8,765 shares of the company’s stock, valued at approximately $883,000. Direxion Daily MU Bull 2X Shares makes up approximately 0.5% of Client First Investment Management LLC’s holdings, making the stock its 19th largest position.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in 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 valued at $64,000 after buying an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake 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 in the last quarter. Csenge Advisory Group acquired a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at $677,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $716,000. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $840,000.

Direxion Daily MU Bull 2X Shares Stock Up 7.3%

Shares of MUU stock opened at $794.01 on Thursday. The stock’s fifty day simple moving average is $313.57 and its 200 day simple moving average is $198.38. Direxion Daily MU Bull 2X Shares has a one year low of $13.90 and a one year high of $840.30.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.71 annualized dividend and a yield of 0.3%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Direxion Daily MU Bull 2X Shares 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.