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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Monday . The stock had previously closed at $830.71, but opened at $958.83. Direxion Daily MU Bull 2X Shares shares last traded at $979.54, with a volume of 954,965 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Up 19.1%

The business has a 50 day moving average of $476.71 and a two-hundred day moving average of $263.72.

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 dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC increased its position in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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 period. SBI Securities Co. Ltd. increased its position in Direxion Daily MU Bull 2X Shares by 98.0% during 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 period. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth $315,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth $658,000.

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.