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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $740.00, but opened at $837.97. Direxion Daily MU Bull 2X Shares shares last traded at $807.87, with a volume of 2,356,436 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock has a 50 day moving average price of $301.97 and a two-hundred day moving average price of $193.35.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.3%. 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.

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

A number of large investors have recently made changes to their positions in MUU. UBS Group AG bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $10,100,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $716,000. Optiver Holding B.V. increased its stake in shares of 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 purchasing an additional 23,032 shares during the period. Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth approximately $840,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $883,000.

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.