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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $27.24, but opened at $29.61. Direxion Daily MU Bull 2X Shares shares last traded at $29.49, with a volume of 10,896,240 shares.

Direxion Daily MU Bull 2X Shares Price Performance

The company’s 50-day simple moving average is $39.20 and its 200 day simple moving average is $20.40.

Direxion Daily MU Bull 2X Shares Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MUU. SBI Securities Co. Ltd. increased its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after purchasing an additional 631 shares during the period. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $315,000. Tower Research Capital LLC TRC boosted its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after buying an additional 1,289 shares during the period. PFG Investments LLC acquired a new position in shares of 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 first 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.