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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Tuesday . The stock had previously closed at $678.20, but opened at $747.01. Direxion Daily MU Bull 2X Shares shares last traded at $734.92, with a volume of 628,105 shares.

Direxion Daily MU Bull 2X Shares Trading Up 7.0%

The company has a fifty day moving average price of $769.03 and a two-hundred day moving average price of $386.06.

Direxion Daily MU Bull 2X Shares Announces Dividend

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

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

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