Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – What’s Next?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up prior to trading on Monday . The stock had previously closed at $661.33, but opened at $773.52. Direxion Daily MU Bull 2X Shares shares last traded at $772.01, with a volume of 1,620,472 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The stock’s 50 day simple moving average is $436.52 and its 200 day simple moving average is $248.23.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.6767 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a yield of 0.4%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,533,000. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $808,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $658,000.

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.