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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $27.24, but opened at $29.61. Direxion Daily MU Bull 2X Shares shares last traded at $29.49, with a volume of 10,896,240 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $20.03.

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Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1024 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 1.4%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. UBS Group AG bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at about $10,100,000. Goldman Sachs Group Inc. bought a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth approximately $716,000. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth approximately $840,000. Optiver Holding B.V. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $1,533,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $883,000.

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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