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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $542.72, but opened at $608.49. Direxion Daily MU Bull 2X Shares shares last traded at $587.00, with a volume of 1,723,282 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Up 14.0%

The firm’s fifty day moving average is $205.29 and its 200-day moving average is $148.85.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.6767 dividend. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC raised its holdings 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 in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $482,000. Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $658,000. Finally, Csenge Advisory Group bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $677,000.

Direxion Daily MU Bull 2X Shares Company Profile

(Get Free Report)

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.

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