Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $1,231.65, but opened at $962.19. Direxion Daily MU Bull 2X Shares shares last traded at $980.00, with a volume of 1,550,709 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a 50-day moving average of $582.17 and a 200 day moving average of $304.32.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $2.047 dividend. The ex-dividend date is Tuesday, June 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased 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 during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of 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 worth $128,000 after buying an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $315,000. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $658,000.

About Direxion Daily MU Bull 2X Shares

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.