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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped down before the market opened on Wednesday . The stock had previously closed at $767.43, but opened at $715.00. Direxion Daily MU Bull 2X Shares shares last traded at $753.25, with a volume of 1,261,964 shares.

Direxion Daily MU Bull 2X Shares Trading Down 5.7%

The stock’s 50-day moving average is $436.52 and its 200-day moving average is $248.23.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently announced 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 is a boost 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. This represents a $2.71 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of MUU. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $64,000 after buying an additional 1,289 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of 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 valued at $1,528,000 after buying an additional 23,032 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter valued at about $840,000. Finally, UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $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.