Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 9% – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) fell 9% during trading on Thursday . The stock traded as low as $141.51 and last traded at $143.20. 1,150,806 shares were traded during trading, a decline of 48% from the average session volume of 2,214,403 shares. The stock had previously closed at $157.39.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50-day simple moving average of $187.66 and a two-hundred day simple moving average of $113.90.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.6767 dividend. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after acquiring an additional 1,289 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $677,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000.

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.