Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $542.72, but opened at $608.49. Direxion Daily MU Bull 2X Shares shares last traded at $587.00, with a volume of 1,723,282 shares traded.

Direxion Daily MU Bull 2X Shares Trading Down 7.4%

The stock has a fifty day simple moving average of $227.89 and a two-hundred day simple moving average of $159.75.

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 issued a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, March 24th. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of large investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $716,000. Tower Research Capital LLC TRC grew its holdings 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 worth $64,000 after acquiring an additional 1,289 shares during the period. Belvedere Trading LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth about $844,000. Optiver Holding B.V. grew its holdings in 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 acquiring an additional 23,032 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth about $840,000.

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.