Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down before the market opened on Wednesday . The stock had previously closed at $35.14, but opened at $32.83. Direxion Daily MU Bull 2X Shares shares last traded at $34.56, with a volume of 11,694,831 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Up 0.6%

The company’s 50-day moving average is $39.20 and its two-hundred day moving average is $20.40.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1024 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 1.2%.

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

Institutional investors have recently made changes to their positions in the business. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $716,000. Citadel Advisors LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $840,000. Optiver Holding B.V. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $1,533,000. Finally, Client First Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at $883,000.

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.