Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Large Growth in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 962,979 shares, a growth of 232.5% from the June 15th total of 289,636 shares. Based on an average daily volume of 3,491,646 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.9% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUU. Tower Research Capital LLC TRC lifted its position in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd 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 period. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MU Bull 2X Shares by 98.0% during the fourth 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 bought a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $482,000. Finally, Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth about $658,000.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of MUU opened at $745.39 on Monday. The company has a 50-day simple moving average of $760.82 and a two-hundred day simple moving average of $381.93. Direxion Daily MU Bull 2X Shares has a one year low of $16.73 and a one year high of $1,252.80.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $2.047 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 annualized dividend and a dividend yield of 1.1%.

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.