Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 8.9% – Here’s Why

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) dropped 8.9% during mid-day trading on Thursday . The company traded as low as $750.00 and last traded at $774.38. Approximately 2,047,043 shares were traded during trading, a decline of 25% from the average session volume of 2,725,810 shares. The stock had previously closed at $850.01.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50 day moving average price of $692.67 and a 200 day moving average price of $349.45.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a yield of 1.1%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares in the last quarter. Tower Research Capital LLC TRC grew its stake 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 valued at $64,000 after acquiring an additional 1,289 shares during the last quarter. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $315,000. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during 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.