Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $745.21, but opened at $792.97. Direxion Daily MU Bull 2X Shares shares last traded at $794.08, with a volume of 681,723 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s 50-day moving average price is $732.73 and its 200 day moving average price is $368.18.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $2.047 dividend. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 23rd.

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. 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 purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $315,000. PFG Investments LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $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.