Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 16.6% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price traded up 16.6% on Tuesday . The company traded as high as $34.20 and last traded at $33.00. Approximately 11,961,557 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 53,678,066 shares. The stock had previously closed at $28.31.

Direxion Daily MU Bull 2X Shares Trading Up 20.0%

The business’s 50-day moving average price is $39.06 and its two-hundred day moving average price is $20.19.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1024 per share. This represents a $0.41 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. SBI Securities Co. Ltd. grew its stake in 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 valued at $128,000 after acquiring an additional 631 shares during the period. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. Tower Research Capital LLC TRC raised its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares during the period. PFG Investments LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $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.