Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Still a Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares gapped up prior to trading on Monday . The stock had previously closed at $503.69, but opened at $538.57. Direxion Daily MU Bull 2X Shares shares last traded at $509.86, with a volume of 862,966 shares traded.

Direxion Daily MU Bull 2X Shares Price Performance

The firm’s 50-day moving average price is $251.36 and its two-hundred day moving average price is $170.36.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.6767 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 24th. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $716,000. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 1,289 shares during the last quarter. Optiver Holding B.V. lifted its position 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 valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $840,000. Finally, UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $10,100,000.

About Direxion Daily MU Bull 2X Shares

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.