Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $169.08, but opened at $157.54. Direxion Daily MU Bull 2X Shares shares last traded at $158.40, with a volume of 2,117,997 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Down 7.5%

The company has a fifty day simple moving average of $187.62 and a 200-day simple moving average of $112.67.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a dividend of $0.6767 per share. The ex-dividend date is Tuesday, March 24th. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 1.7%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $716,000. Optiver Holding B.V. lifted its holdings in 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. Belvedere Trading LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $844,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth approximately $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.