Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 10.4% – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price were down 10.4% during trading on Friday . The stock traded as low as $23.99 and last traded at $24.16. Approximately 53,983,641 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 54,058,527 shares. The stock had previously closed at $26.97.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm has a 50 day moving average of $39.58 and a 200-day moving average of $21.51.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake 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 valued at $64,000 after acquiring an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 valued at $128,000 after purchasing an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in 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.