Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Update

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 289,636 shares, a drop of 48.8% from the May 31st total of 566,004 shares. Based on an average daily trading volume, of 3,604,187 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.6% of the company’s shares are short sold.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of MUU stock traded down $198.72 during trading hours on Wednesday, reaching $850.01. The company’s stock had a trading volume of 3,268,502 shares, compared to its average volume of 2,732,652. Direxion Daily MU Bull 2X Shares has a one year low of $16.73 and a one year high of $1,252.80. The firm’s fifty day simple moving average is $692.67 and its 200 day simple moving average is $349.45.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $2.047 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a yield of 1.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MUU. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,533,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $315,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $1,023,000. Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $808,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $658,000.

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.