Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 10.3% – What’s Next?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares dropped 10.3% during mid-day trading on Wednesday . The company traded as low as $803.00 and last traded at $814.38. 2,656,423 shares changed hands during trading, a decline of 1% from the average session volume of 2,679,631 shares. The stock had previously closed at $907.92.

Direxion Daily MU Bull 2X Shares Price Performance

The company has a fifty day moving average price of $596.79 and a 200-day moving average price of $310.24.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $2.047 dividend. This represents a $8.19 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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

Several hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position 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 worth $64,000 after acquiring an additional 1,289 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $658,000.

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.