Traders Purchase High Volume of Call Options on Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw unusually large options trading on Monday. Stock traders bought 5,385 call options on the company. This represents an increase of 64% compared to the average volume of 3,281 call options.

Direxion Daily MU Bull 2X Shares Price Performance

MUU traded up $1.39 during trading on Monday, hitting $28.63. 18,502,300 shares of the company traded hands, compared to its average volume of 53,840,527. The stock’s fifty day moving average is $39.11 and its 200 day moving average is $20.03. Direxion Daily MU Bull 2X Shares has a one year low of $0.84 and a one year high of $62.64.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several institutional investors and hedge funds have recently bought and sold shares of MUU. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $677,000. Client First Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $883,000. UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth $10,100,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $482,000. Finally, SBI Securities Co. Ltd. increased its position in shares of 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 worth $128,000 after purchasing an additional 631 shares during the last quarter.

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.