Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading 15.6% Higher – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) rose 15.6% during trading on Thursday . The stock traded as high as $815.00 and last traded at $812.50. 984,658 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,717,715 shares. The stock had previously closed at $703.05.

Direxion Daily MU Bull 2X Shares Stock Up 14.4%

The stock’s fifty day moving average is $741.21 and its 200-day moving average is $372.59.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $2.047 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.0%.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during 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. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at about $315,000. Tower Research Capital LLC TRC grew its position 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. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at about $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.