Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 7.6% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) were down 7.6% during trading on Tuesday . The company traded as low as $404.89 and last traded at $409.00. Approximately 1,196,058 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 2,468,017 shares. The stock had previously closed at $442.77.

Direxion Daily MU Bull 2X Shares Trading Up 11.2%

The stock has a fifty day simple moving average of $256.71 and a 200-day simple moving average of $172.98.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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

Hedge funds have recently bought and sold shares of the company. UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth $10,100,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $716,000. Optiver Holding B.V. raised its stake in Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after buying an additional 23,032 shares during the period. Citadel Advisors LLC bought a new position in Direxion Daily MU Bull 2X Shares during the third quarter worth about $840,000. Finally, Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at about $883,000.

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.