Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 12-Month High – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $173.70 and last traded at $171.97, with a volume of 945183 shares. The stock had previously closed at $157.33.

Direxion Daily MU Bull 2X Shares Stock Up 4.4%

The company has a fifty day simple moving average of $100.65 and a 200-day simple moving average of $60.41.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, December 23rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in Direxion Daily MU Bull 2X Shares by 25,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after buying an additional 1,022 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd 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 during the period. Delta Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth approximately $341,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Finally, Citadel Advisors LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000.

Direxion Daily MU Bull 2X Shares Company Profile

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.