Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down prior to trading on Tuesday . The stock had previously closed at $29.92, but opened at $25.93. Direxion Daily MU Bull 2X Shares shares last traded at $24.02, with a volume of 15,014,733 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50-day simple moving average of $39.59 and a 200-day simple moving average of $21.37.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. This represents a $0.41 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 valued at $64,000 after buying an additional 1,289 shares in the last quarter. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first 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.