Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $767.43, but opened at $715.00. Direxion Daily MU Bull 2X Shares shares last traded at $753.25, with a volume of 1,261,964 shares changing hands.

Direxion Daily MU Bull 2X Shares Price Performance

The company’s 50-day simple moving average is $436.52 and its 200-day simple moving average is $248.23.

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Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.6767 dividend. This represents a $2.71 annualized dividend and a yield of 0.4%. This is a positive change from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several large investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Tower Research Capital LLC TRC grew its position 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 in the last quarter. Optiver Holding B.V. grew its position in Direxion Daily MU Bull 2X Shares by 166.8% in the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the third quarter valued at approximately $840,000. Finally, UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $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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