Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 13% – Still a Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded up 13% during trading on Wednesday . The stock traded as high as $1,007.17 and last traded at $1,002.58. 2,193,701 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 2,657,928 shares. The stock had previously closed at $886.92.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a 50 day moving average price of $508.92 and a 200 day moving average price of $276.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.6767 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $716,000. Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 1,289 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of 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 valued at $1,528,000 after purchasing an additional 23,032 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $840,000. Finally, UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth approximately $10,100,000.

About Direxion Daily MU Bull 2X Shares

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.