Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 19.2% in April

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 477,244 shares, a growth of 19.2% from the March 31st total of 400,502 shares. Based on an average daily volume of 3,216,926 shares, the short-interest ratio is presently 0.1 days. Approximately 8.9% of the company’s stock are short sold.

Direxion Daily MU Bull 2X Shares Trading Up 9.3%

MUU stock traded up $25.06 during trading on Friday, reaching $295.79. The stock had a trading volume of 2,144,877 shares, compared to its average volume of 2,420,133. Direxion Daily MU Bull 2X Shares has a one year low of $10.28 and a one year high of $299.99. The company’s 50 day moving average is $192.16 and its two-hundred day moving average is $139.93.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend 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

Institutional investors have recently added to or reduced their stakes in the company. Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth about $844,000. Optiver Holding B.V. boosted its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $482,000. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the third quarter valued at about $840,000. Finally, Tower Research Capital LLC TRC boosted its stake in Direxion Daily MU Bull 2X Shares by 95.1% in the second 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.

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.