Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 16.6% – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shot up 16.6% on Tuesday . The stock traded as high as $34.20 and last traded at $33.00. Approximately 11,961,557 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 53,678,066 shares. The stock had previously closed at $28.31.

Direxion Daily MU Bull 2X Shares Stock Up 20.0%

The business’s 50 day simple moving average is $39.06 and its 200-day simple moving average is $20.19.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1024 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MUU. Tower Research Capital LLC TRC increased its holdings in Direxion Daily MU Bull 2X Shares by 95.1% in 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 during the last quarter. SBI Securities Co. Ltd. lifted its stake 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 buying an additional 631 shares during the period. Vestor Capital LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during 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.