Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 7.6% – What’s Next?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded down 7.6% on Tuesday . The company traded as low as $404.89 and last traded at $409.00. 1,196,058 shares traded hands during trading, a decline of 52% from the average session volume of 2,468,017 shares. The stock had previously closed at $442.77.

Direxion Daily MU Bull 2X Shares Stock Performance

The business has a 50-day moving average of $269.84 and a two-hundred day moving average of $178.83.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $808,000. Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $658,000. Finally, PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000.

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.