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

Posted by Brian Himes on Jul 1st, 2026

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1,048.73, but opened at $929.00. Direxion Daily MU Bull 2X Shares shares last traded at $955.22, with a volume of 904,217 shares changing hands.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a 50-day moving average of $679.79 and a 200 day moving average of $344.06.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $2.047 per share. This represents a $8.19 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 23rd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $1,533,000. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $315,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $1,023,000. Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $808,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $658,000.

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.