Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 9.1% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) fell 9.1% on Thursday . The stock traded as low as $181.88 and last traded at $188.71. 1,300,386 shares traded hands during trading, a decline of 36% from the average session volume of 2,042,345 shares. The stock had previously closed at $207.63.

Direxion Daily MU Bull 2X Shares Stock Down 1.6%

The stock has a fifty day moving average price of $163.03 and a 200-day moving average price of $91.74.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its stake in Direxion Daily MU Bull 2X Shares by 25,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after acquiring an additional 1,022 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at $677,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $716,000. Finally, Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth $840,000.

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.