Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped up before the market opened on Tuesday . The stock had previously closed at $180.00, but opened at $194.12. Direxion Daily MU Bull 2X Shares shares last traded at $197.84, with a volume of 883,418 shares.

Direxion Daily MU Bull 2X Shares Stock Up 0.2%

The firm’s fifty day moving average is $113.73 and its 200 day moving average is $66.64.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 0.7%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds have recently modified their holdings of the company. UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $10,100,000. Citadel Advisors LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $840,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after buying an additional 23,032 shares during the period. Belvedere Trading LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter valued at $844,000. Finally, Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 1,289 shares during the last quarter.

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.