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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Monday . The stock had previously closed at $661.33, but opened at $773.52. Direxion Daily MU Bull 2X Shares shares last traded at $772.01, with a volume of 1,620,472 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The business’s 50 day simple moving average is $410.81 and its two-hundred day simple moving average is $238.26.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.4%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 631 shares in the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at $658,000.

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.