Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 1-Year High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price hit a new 52-week high on Thursday . The company traded as high as $1,252.80 and last traded at $1,175.24, with a volume of 1413976 shares changing hands. The stock had previously closed at $902.10.

Direxion Daily MU Bull 2X Shares Stock Performance

The firm’s 50 day moving average is $611.07 and its two-hundred day moving average is $316.11.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $2.047 per share. This represents a $8.19 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth $716,000. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 1,289 shares during the last quarter. Optiver Holding B.V. boosted its holdings in shares of 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. Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at $840,000. Finally, UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000.

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.