Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Significant Decrease in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 289,636 shares, a decrease of 48.8% from the May 31st total of 566,004 shares. Currently, 5.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,604,187 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake 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 valued at $64,000 after purchasing an additional 1,289 shares during the period. SBI Securities Co. Ltd. grew its stake in 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 worth $128,000 after purchasing an additional 631 shares during the period. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth approximately $315,000. PFG Investments LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $658,000.

Direxion Daily MU Bull 2X Shares Trading Down 1.3%

Shares of MUU stock opened at $1,035.00 on Tuesday. The business’s 50 day simple moving average is $663.07 and its 200 day simple moving average is $337.30. Direxion Daily MU Bull 2X Shares has a one year low of $16.73 and a one year high of $1,252.80.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $2.047 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $8.19 annualized dividend and a dividend yield of 0.8%.

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.