Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 52-Week High – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) reached a new 52-week high during trading on Friday . The stock traded as high as $261.01 and last traded at $255.05, with a volume of 1067830 shares trading hands. The stock had previously closed at $236.11.

Direxion Daily MU Bull 2X Shares Price Performance

The company has a 50 day simple moving average of $184.93 and a 200 day simple moving average of $132.53.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Belvedere Trading LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $844,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000. Finally, UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $10,100,000.

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.