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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $29.92, but opened at $25.93. Direxion Daily MU Bull 2X Shares shares last traded at $24.02, with a volume of 15,014,733 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 17.6%

The business’s 50-day moving average is $39.69 and its 200-day moving average is $21.16.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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 during the period. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares in the last quarter. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares during the first quarter valued at $658,000.

Direxion Daily MU Bull 2X Shares Company Profile

(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.

Further Reading

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