Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Time to Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up prior to trading on Thursday . The stock had previously closed at $29.49, but opened at $31.44. Direxion Daily MU Bull 2X Shares shares last traded at $29.42, with a volume of 6,733,785 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50-day moving average price of $34.89 and a 200-day moving average price of $24.16.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a yield of 1.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $1,533,000. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $1,023,000. Spartan Wealth Advisory Services LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at $808,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in 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.