Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Hits New 1-Year High – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares reached a new 52-week high on Tuesday . The stock traded as high as $676.61 and last traded at $676.61, with a volume of 1154007 shares traded. The stock had previously closed at $534.37.

Direxion Daily MU Bull 2X Shares Stock Performance

The stock’s 50 day moving average is $291.15 and its 200 day moving average is $188.70.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.6767 per share. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. This represents a $2.71 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in MUU. Optiver Holding B.V. grew its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after buying an additional 23,032 shares in the last quarter. Csenge Advisory Group bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at about $677,000. UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $716,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after acquiring an additional 631 shares during the period.

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.