Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Monday . The stock had previously closed at $31.57, but opened at $29.55. Direxion Daily MU Bull 2X Shares shares last traded at $27.00, with a volume of 6,205,259 shares traded.

Direxion Daily MU Bull 2X Shares Stock Up 4.8%

The business’s 50 day moving average price is $35.23 and its two-hundred day moving average price is $24.02.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a dividend yield of 1.4%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% during 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. SBI Securities Co. Ltd. boosted 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 valued at $128,000 after buying an additional 631 shares during the period. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first 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.