Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 10.8% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price were up 10.8% during trading on Friday . The company traded as high as $871.86 and last traded at $870.07. Approximately 969,314 shares were traded during trading, a decline of 62% from the average daily volume of 2,524,995 shares. The stock had previously closed at $785.00.

Direxion Daily MU Bull 2X Shares Trading Up 9.8%

The business has a fifty day simple moving average of $324.61 and a 200 day simple moving average of $203.35.

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 0.3%. 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 Trading of Direxion Daily MU Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of MUU. UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $716,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after purchasing an additional 23,032 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $840,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $883,000.

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.