Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $745.21, but opened at $792.97. Direxion Daily MU Bull 2X Shares shares last traded at $794.08, with a volume of 681,723 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Up 6.7%

The business’s 50 day moving average price is $713.49 and its 200-day moving average price is $358.92.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $2.047 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a yield of 1.0%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in 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 during the last quarter. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. Tower Research Capital LLC TRC increased its holdings in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after acquiring an additional 1,289 shares in the last quarter. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $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.