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

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Monday . The stock had previously closed at $31.57, but opened at $29.55. Direxion Daily MU Bull 2X Shares shares last traded at $27.00, with a volume of 6,205,259 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Down 14.3%

The firm has a 50 day moving average price of $35.97 and a 200-day moving average price of $23.74.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1024 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 1.5%.

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

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