Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 51.8% in December

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 849,296 shares, an increase of 51.8% from the November 30th total of 559,314 shares. Approximately 23.3% of the shares of the company are short sold. Based on an average trading volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days. Approximately 23.3% of the shares of the company are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares in the 1st quarter worth approximately $716,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the second quarter worth approximately $1,188,000. Optiver Holding B.V. boosted its holdings in 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 acquiring an additional 23,032 shares during the period. Belvedere Trading LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter worth approximately $844,000. Finally, Citadel Advisors LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at approximately $840,000.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of NASDAQ:MUU traded down $3.66 during trading on Wednesday, reaching $102.36. 586,589 shares of the company’s stock traded hands, compared to its average volume of 690,362. The company has a 50 day moving average of $78.05 and a 200-day moving average of $46.99. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $110.53.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be given a dividend of $0.3775 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a yield of 1.5%.

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.