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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down before the market opened on Friday . The stock had previously closed at $579.52, but opened at $515.00. Direxion Daily MU Bull 2X Shares shares last traded at $512.82, with a volume of 1,001,490 shares.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50-day moving average price of $244.87 and a 200-day moving average price of $167.30.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares during the last quarter. Tower Research Capital LLC TRC raised 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 buying an additional 1,289 shares during the last quarter. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $658,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth $808,000.

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.