Direxion Daily MU Bull 2X Shares Target of Unusually Large Options Trading (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of some unusual options trading activity on Monday. Investors purchased 11,177 call options on the company. This represents an increase of approximately 36% compared to the typical volume of 8,243 call options.

Direxion Daily MU Bull 2X Shares Stock Down 11.3%

Direxion Daily MU Bull 2X Shares stock traded down $3.57 during trading hours on Monday, hitting $28.00. 18,089,574 shares of the company traded hands, compared to its average volume of 52,397,738. The firm’s 50-day simple moving average is $35.97 and its two-hundred day simple moving average is $23.74. Direxion Daily MU Bull 2X Shares has a 1-year low of $1.00 and a 1-year high of $62.64.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in 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 period. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $315,000. Tower Research Capital LLC TRC raised 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 worth $64,000 after buying an additional 1,289 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $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.