Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 8.9% – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) fell 8.9% on Thursday . The stock traded as low as $750.00 and last traded at $774.38. Approximately 2,047,043 shares traded hands during trading, a decline of 25% from the average daily volume of 2,725,810 shares. The stock had previously closed at $850.01.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a 50 day simple moving average of $713.49 and a 200-day simple moving average of $356.91.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $2.047 per share. This represents a $8.19 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $1,533,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $315,000. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $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 valued at $808,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st 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.

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