Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 13% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price shot up 13% on Tuesday . The company traded as high as $134.59 and last traded at $134.49. 560,569 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,326,114 shares. The stock had previously closed at $119.05.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a fifty day moving average of $81.77 and a two-hundred day moving average of $49.44.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, December 23rd.

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

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $1,188,000. Optiver Holding B.V. raised its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at $844,000. Finally, Citadel Advisors LLC bought a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at about $840,000.

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.