Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 9.7% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) dropped 9.7% on Thursday . The company traded as low as $160.95 and last traded at $161.75. Approximately 1,082,064 shares were traded during trading, a decline of 46% from the average daily volume of 2,001,934 shares. The stock had previously closed at $179.17.

Direxion Daily MU Bull 2X Shares Stock Down 6.1%

The stock has a fifty day moving average price of $167.84 and a 200-day moving average price of $95.43.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.9%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth about $844,000. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter worth approximately $1,188,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Finally, Client First Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $883,000.

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.