Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Declines By 73.4%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 226,068 shares, a decline of 73.4% from the December 15th total of 849,296 shares. Based on an average trading volume of 1,495,910 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.5% of the company’s shares are sold short. Approximately 4.5% of the company’s shares are sold short. Based on an average trading volume of 1,495,910 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily MU Bull 2X Shares Trading Down 2.9%

NASDAQ MUU traded down $3.97 during trading on Wednesday, reaching $133.69. 900,267 shares of the company’s stock traded hands, compared to its average volume of 1,443,969. Direxion Daily MU Bull 2X Shares has a 12-month low of $6.77 and a 12-month high of $148.49. The company’s 50 day simple moving average is $90.92 and its two-hundred day simple moving average is $54.82.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares during the period. Tower Research Capital LLC TRC increased its position 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 during the last quarter. Delta Investment Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at about $341,000. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at approximately $840,000. Finally, Belvedere Trading LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 3rd 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.