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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $160.45, but opened at $179.47. Direxion Daily MU Bull 2X Shares shares last traded at $180.40, with a volume of 1,310,072 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50 day moving average price is $139.23 and its 200-day moving average price is $79.38.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company 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. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

Several institutional investors and hedge funds have recently made changes to their positions in MUU. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $844,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at about $1,188,000. Delta Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at about $341,000. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 1,289 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $716,000.

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.