Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 12.1% – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares were up 12.1% on Friday . The stock traded as high as $159.87 and last traded at $152.75. Approximately 1,396,824 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 1,403,753 shares. The stock had previously closed at $136.29.

Direxion Daily MU Bull 2X Shares Stock Up 10.2%

The business’s 50 day moving average is $92.05 and its 200 day moving average is $55.39.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, December 23rd.

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

A number of large investors have recently added to or reduced their stakes in MUU. SBI Securities Co. Ltd. lifted its position in Direxion Daily MU Bull 2X Shares by 25,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after acquiring an additional 1,022 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 worth $64,000 after purchasing an additional 1,289 shares in the last quarter. Delta Investment Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at $341,000. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter worth $840,000. Finally, Belvedere Trading LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter valued at about $844,000.

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.