Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 11.7% – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded up 11.7% during trading on Thursday . The stock traded as high as $783.42 and last traded at $774.90. 2,245,217 shares changed hands during trading, a decline of 15% from the average session volume of 2,644,122 shares. The stock had previously closed at $693.57.

Direxion Daily MU Bull 2X Shares Stock Up 18.5%

The stock’s fifty day moving average price is $448.20 and its 200-day moving average price is $252.72.

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 issued a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.3%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Several institutional investors have recently modified their holdings of MUU. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after purchasing an additional 631 shares during the last quarter. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $482,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $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.