Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – What’s Next?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $31.57, but opened at $29.55. Direxion Daily MU Bull 2X Shares shares last traded at $27.00, with a volume of 6,205,259 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The stock has a fifty day simple moving average of $35.97 and a 200-day simple moving average of $23.74.

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Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1024 dividend. This represents a $0.41 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at $1,533,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $808,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $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.

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