Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 59.1% in February

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 783,238 shares, an increase of 59.1% from the February 12th total of 492,429 shares. Based on an average daily volume of 1,411,452 shares, the short-interest ratio is presently 0.6 days. Currently, 11.5% of the company’s stock are short sold. Currently, 11.5% of the company’s stock are short sold. Based on an average daily volume of 1,411,452 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of NASDAQ:MUU traded up $18.40 during midday trading on Friday, hitting $199.22. The stock had a trading volume of 2,810,085 shares, compared to its average volume of 2,056,834. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $249.10. The business’s 50-day simple moving average is $178.01 and its 200-day simple moving average is $103.10.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend 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

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $716,000. SBI Securities Co. Ltd. lifted its position in shares of 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 buying an additional 1,022 shares during the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter worth approximately $1,188,000. Tower Research Capital LLC TRC increased 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 worth $64,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $844,000.

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.