Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 1-Year High – What’s Next?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $646.29 and last traded at $613.59, with a volume of 3721245 shares changing hands. The stock had previously closed at $542.72.

Direxion Daily MU Bull 2X Shares Trading Up 13.1%

The company’s 50-day moving average is $220.36 and its 200 day moving average is $156.14.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.6767 per share. 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 was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter valued at about $844,000. Optiver Holding B.V. lifted its stake in Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after buying an additional 23,032 shares in the last quarter. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. UBS Group AG purchased a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter valued at about $10,100,000. Finally, Goldman Sachs Group Inc. purchased a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000.

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.