Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $35.01, but opened at $31.18. Direxion Daily MU Bull 2X Shares shares last traded at $31.59, with a volume of 9,083,822 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Down 1.0%

The business has a fifty day moving average of $36.39 and a 200-day moving average of $23.45.

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Direxion Daily MU Bull 2X Shares Dividend Announcement

The company also recently announced 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%.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% during 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 during the period. SBI Securities Co. Ltd. lifted 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 worth $128,000 after acquiring an additional 631 shares during the period. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $315,000. PFG Investments LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth 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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