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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Wednesday . The stock had previously closed at $120.38, but opened at $128.73. Direxion Daily MU Bull 2X Shares shares last traded at $133.12, with a volume of 1,715,807 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50-day moving average of $185.93 and a 200-day moving average of $116.22.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MUU. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $716,000. Tower Research Capital LLC TRC lifted its holdings in Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares during the last quarter. Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth about $844,000. Optiver Holding B.V. boosted its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the period. Finally, Citadel Advisors LLC acquired a new position in 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.