Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sets New 12-Month High – Still a Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $1,252.80 and last traded at $1,175.24, with a volume of 1413976 shares changing hands. The stock had previously closed at $902.10.

Direxion Daily MU Bull 2X Shares Stock Up 25.4%

The firm’s 50-day simple moving average is $611.07 and its 200 day simple moving average is $316.11.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $2.047 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $8.19 annualized dividend and a dividend yield of 0.7%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several large investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC raised its stake in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after acquiring an additional 1,289 shares in the last quarter. 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 in the last quarter. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $315,000. PFG Investments LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $482,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $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.