Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up before the market opened on Monday . The stock had previously closed at $27.24, but opened at $29.61. Direxion Daily MU Bull 2X Shares shares last traded at $29.49, with a volume of 10,896,240 shares traded.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50 day moving average price is $39.11 and its 200-day moving average price is $20.03.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1024 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Tower Research Capital LLC TRC raised its position in shares of 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 acquiring an additional 1,289 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the third quarter worth approximately $840,000. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $10,100,000. Finally, 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 valued at $128,000 after purchasing an additional 631 shares during the period.

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.