Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 11.8% – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price rose 11.8% during mid-day trading on Tuesday . The stock traded as high as $188.62 and last traded at $187.29. Approximately 1,245,793 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 2,001,280 shares. The stock had previously closed at $167.53.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50 day moving average is $171.55 and its 200 day moving average is $98.96.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 0.8%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $883,000. Csenge Advisory Group acquired a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $677,000. SBI Securities Co. Ltd. lifted 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 buying an additional 631 shares during the last quarter. UBS Group AG acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $10,100,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $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.