Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Plans Dividend Increase – $1.91 Per Share

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 10th will be given a dividend of 1.9058 per share on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 693.1% increase from Direxion Daily S&P 500 Bull 2X Shares’s previous quarterly dividend of $0.24.

Direxion Daily S&P 500 Bull 2X Shares Price Performance

SPUU traded down $2.07 during trading on Wednesday, reaching $184.74. 3,236 shares of the company’s stock were exchanged, compared to its average volume of 42,178. Direxion Daily S&P 500 Bull 2X Shares has a 1 year low of $97.44 and a 1 year high of $191.36. The company’s fifty day simple moving average is $182.59 and its 200-day simple moving average is $168.87. The stock has a market capitalization of $199.52 million, a P/E ratio of 25.96 and a beta of 2.03.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.