Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $1,065.00, but opened at $920.66. Direxion Daily MU Bull 2X Shares shares last traded at $906.15, with a volume of 1,405,858 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Down 26.6%

The firm’s 50 day moving average price is $410.81 and its two-hundred day moving average price is $237.16.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.6767 dividend. 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. This represents a $2.71 annualized dividend and a dividend yield of 0.4%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds have recently made changes to their positions in MUU. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after buying an additional 1,289 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th 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 period. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $658,000.

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.