Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Monday . The stock had previously closed at $830.71, but opened at $958.83. Direxion Daily MU Bull 2X Shares shares last traded at $979.54, with a volume of 954,965 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a 50-day moving average price of $508.92 and a 200 day moving average price of $276.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.6767 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds have recently made changes to their positions in MUU. SBI Securities Co. Ltd. raised its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $315,000. Tower Research Capital LLC TRC raised its holdings in 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 worth $64,000 after acquiring an additional 1,289 shares during the last quarter. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $658,000.

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.