Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 12.8% – Time to Sell?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) dropped 12.8% on Friday . The company traded as low as $768.00 and last traded at $786.35. Approximately 1,112,330 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 2,558,384 shares. The stock had previously closed at $901.56.

Direxion Daily MU Bull 2X Shares Stock Performance

The business’s 50 day simple moving average is $400.73 and its 200-day simple moving average is $234.18.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.6767 dividend. 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. This represents a $2.71 annualized dividend and a dividend yield of 0.4%.

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

Several large investors have recently bought and sold shares of MUU. Optiver Holding B.V. increased its stake in shares of Direxion Daily MU Bull 2X Shares by 166.8% during 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 period. Client First Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth $883,000. Csenge Advisory Group acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter valued at $677,000. UBS Group AG bought a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at about $10,100,000. Finally, SBI Securities Co. Ltd. boosted its stake in 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 valued at $128,000 after buying an additional 631 shares in the last quarter.

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.