Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 7.9% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) were down 7.9% on Thursday . The stock traded as low as $124.64 and last traded at $128.03. Approximately 1,571,085 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 1,627,418 shares. The stock had previously closed at $139.06.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50 day moving average price of $84.53 and a 200-day moving average price of $50.90.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of MUU. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter worth approximately $1,188,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $716,000. Delta Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth about $341,000. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the third quarter worth about $840,000. Finally, Tower Research Capital LLC TRC boosted its stake in 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 worth $64,000 after acquiring an additional 1,289 shares in the last quarter.

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.