Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Increases By 48.0%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 492,429 shares, an increase of 48.0% from the January 29th total of 332,641 shares. Approximately 7.2% of the company’s shares are short sold. Based on an average daily volume of 2,627,937 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 2,627,937 shares, the days-to-cover ratio is presently 0.2 days. Approximately 7.2% of the company’s shares are short sold.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of MUU traded down $3.20 during trading hours on Friday, reaching $191.93. The stock had a trading volume of 1,227,055 shares, compared to its average volume of 2,051,571. Direxion Daily MU Bull 2X Shares has a 52 week low of $6.77 and a 52 week high of $249.10. The firm has a 50-day moving average of $163.03 and a 200 day moving average of $92.20.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

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

Several institutional investors and hedge funds have recently modified their holdings of MUU. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $10,100,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the second quarter valued at approximately $1,188,000. Optiver Holding B.V. increased its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after acquiring an additional 23,032 shares in the last quarter. Finally, Belvedere Trading LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth $844,000.

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.