Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Declares Quarterly Dividend of $3.63

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) declared a quarterly dividend on Tuesday, December 9th, NASDAQ Dividends reports. Shareholders of record on Wednesday, December 10th will be paid a dividend of 3.6321 per share on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date is Wednesday, December 10th. This is a 5,588.4% increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.06.

Direxion Daily MU Bull 2X Shares Stock Performance

MUU stock traded up $3.89 during midday trading on Wednesday, reaching $88.85. The company’s stock had a trading volume of 967,218 shares, compared to its average volume of 645,487. Direxion Daily MU Bull 2X Shares has a 1 year low of $6.77 and a 1 year high of $93.89. The stock has a fifty day simple moving average of $67.72 and a two-hundred day simple moving average of $39.55.

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

Several large investors have recently added to or reduced their stakes in MUU. SBI Securities Co. Ltd. grew its stake in Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second 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. Delta Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $341,000. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $840,000. Finally, Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth approximately $844,000.

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.