Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s Why

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Tuesday . The stock had previously closed at $1,231.65, but opened at $962.19. Direxion Daily MU Bull 2X Shares shares last traded at $980.00, with a volume of 1,550,709 shares.

Direxion Daily MU Bull 2X Shares Price Performance

The business’s 50-day simple moving average is $611.07 and its two-hundred day simple moving average is $316.11.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $2.047 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $8.19 annualized dividend and a dividend yield of 0.9%.

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

A number of hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. purchased a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $1,533,000. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $315,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $1,023,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $808,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $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.