Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $23.67, but opened at $21.54. Direxion Daily MU Bull 2X Shares shares last traded at $21.40, with a volume of 15,376,039 shares traded.

Direxion Daily MU Bull 2X Shares Trading Down 0.5%

The stock’s fifty day simple moving average is $39.52 and its two-hundred day simple moving average is $21.63.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in 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 purchasing an additional 1,289 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the period. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $658,000.

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.