Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up Following Dividend Announcement

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Monday following a dividend announcement from the company. The stock had previously closed at $1,080.08, but opened at $1,200.00. Direxion Daily MU Bull 2X Shares shares last traded at $1,172.73, with a volume of 1,058,401 shares traded.

The newly announced dividend which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50 day simple moving average of $596.79 and a 200 day simple moving average of $310.24.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Tower Research Capital LLC TRC grew its position 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 worth $64,000 after acquiring an additional 1,289 shares in the last quarter. Optiver Holding B.V. grew its position in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after acquiring an additional 23,032 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $840,000. Finally, UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth $10,100,000.

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.