Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 10.3% – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report)’s share price fell 10.3% on Wednesday . The company traded as low as $803.00 and last traded at $814.38. 2,656,423 shares were traded during trading, a decline of 1% from the average session volume of 2,679,631 shares. The stock had previously closed at $907.92.

Direxion Daily MU Bull 2X Shares Price Performance

The company has a fifty day moving average price of $630.27 and a 200-day moving average price of $323.91.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $2.047 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a yield of 0.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth $716,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after buying an additional 1,289 shares in the last quarter. Optiver Holding B.V. grew 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 worth $1,528,000 after buying an additional 23,032 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter worth about $840,000. Finally, UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $10,100,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.

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