Direxion Daily MU Bull 2X Shares Target of Unusually High Options Trading (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw unusually large options trading activity on Tuesday. Stock investors purchased 9,917 call options on the stock. This represents an increase of approximately 80% compared to the average daily volume of 5,513 call options.

Direxion Daily MU Bull 2X Shares Trading Up 15.8%

Direxion Daily MU Bull 2X Shares stock traded up $3.79 during midday trading on Tuesday, reaching $27.78. The stock had a trading volume of 28,677,989 shares, compared to its average volume of 54,119,020. Direxion Daily MU Bull 2X Shares has a 12 month low of $0.89 and a 12 month high of $62.64. The firm’s 50-day moving average price is $39.47 and its 200 day moving average price is $21.75.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 annualized dividend and a yield of 1.5%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of large investors have recently modified their holdings of MUU. UBS Group AG purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $716,000. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth $840,000. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth $1,533,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at about $883,000.

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.