Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Trading Down 5% – Here’s What Happened

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD)’s stock price dropped 5% on Tuesday . The company traded as low as $11.10 and last traded at $11.25. Approximately 10,526,172 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 7,004,146 shares. The stock had previously closed at $11.84.

Direxion Daily MU Bear 1X Shares Stock Performance

The stock has a 50-day moving average price of $13.49 and a 200-day moving average price of $30.16.

Direxion Daily MU Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.0505 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily MU Bear 1X Shares stock. Jane Street Group LLC bought a new stake in shares of Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,739 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned about 0.13% of Direxion Daily MU Bear 1X Shares at the end of the most recent quarter.

Direxion Daily MU Bear 1X Shares Company Profile

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.