Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up prior to trading on Tuesday . The stock had previously closed at $213.88, but opened at $223.40. Direxion Daily MU Bull 2X Shares shares last traded at $224.26, with a volume of 1,278,037 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50 day moving average of $183.60 and a 200-day moving average of $107.39.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several large investors have recently modified their holdings of MUU. SBI Securities Co. Ltd. raised 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 purchasing an additional 631 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in 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 buying an additional 1,289 shares in the last quarter. Csenge Advisory Group acquired a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $677,000. Client First Investment Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $883,000. Finally, Citadel Advisors LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000.

About Direxion Daily MU Bull 2X Shares

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.