Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Still a Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $830.71, but opened at $958.83. Direxion Daily MU Bull 2X Shares shares last traded at $979.54, with a volume of 954,965 shares traded.

Direxion Daily MU Bull 2X Shares Trading Up 19.1%

The firm has a fifty day moving average price of $476.71 and a 200-day moving average price of $263.72.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This is an increase 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. This represents a $2.71 annualized dividend and a dividend yield of 0.3%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several large investors have recently modified their holdings of MUU. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares in the last quarter. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $315,000. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $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.

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