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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Tuesday . The stock had previously closed at $279.33, but opened at $255.00. Direxion Daily MU Bull 2X Shares shares last traded at $266.07, with a volume of 639,282 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock’s 50 day simple moving average is $190.70 and its two-hundred day simple moving average is $139.02.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC increased its stake in Direxion Daily MU Bull 2X Shares by 95.1% during the second 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. SBI Securities Co. Ltd. grew its holdings 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 worth $128,000 after purchasing an additional 631 shares during the period. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $482,000. Csenge Advisory Group purchased a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $677,000. Finally, Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $716,000.

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.