Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Down 6.4% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares dropped 6.4% during trading on Tuesday . The company traded as low as $138.20 and last traded at $139.36. Approximately 980,649 shares were traded during trading, a decline of 59% from the average daily volume of 2,388,665 shares. The stock had previously closed at $148.92.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a 50 day moving average price of $180.54 and a 200-day moving average price of $120.27.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.6767 per share. This represents a $2.71 annualized dividend and a yield of 1.6%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares in the 4th quarter worth about $10,100,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $716,000. Optiver Holding B.V. lifted its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after acquiring an additional 23,032 shares during the period. Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth $844,000. Finally, Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the third quarter worth $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.