Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 13% – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded up 13% on Wednesday . The company traded as high as $1,007.17 and last traded at $1,002.58. 2,193,701 shares changed hands during trading, a decline of 17% from the average session volume of 2,657,928 shares. The stock had previously closed at $886.92.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50 day simple moving average of $508.92 and a 200-day simple moving average of $276.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted its holdings in shares of 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 valued at $1,528,000 after buying an additional 23,032 shares during the period. Client First Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth $883,000. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at $677,000. UBS Group AG bought a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $10,100,000. Finally, SBI Securities Co. Ltd. lifted its holdings 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.

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.