Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 1-Year High – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price reached a new 52-week high on Monday . The stock traded as high as $146.43 and last traded at $142.47, with a volume of 316963 shares traded. The stock had previously closed at $143.56.

Direxion Daily MU Bull 2X Shares Stock Down 0.1%

The stock’s fifty day moving average price is $87.12 and its 200 day moving average price is $52.64.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.3775 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of MUU. SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after buying an additional 1,022 shares during the period. Tower Research Capital LLC TRC raised its stake 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 valued at $64,000 after acquiring an additional 1,289 shares during the last quarter. Delta Investment Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter worth about $341,000. Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth about $840,000. Finally, Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $844,000.

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.