Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped down prior to trading on Monday . The stock had previously closed at $179.64, but opened at $166.58. Direxion Daily MU Bull 2X Shares shares last traded at $168.86, with a volume of 1,107,703 shares traded.

Direxion Daily MU Bull 2X Shares Trading Up 12.7%

The company has a 50 day moving average of $131.95 and a 200-day moving average of $76.55.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new position in Direxion Daily MU Bull 2X Shares during the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at $716,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares during the second quarter valued at about $1,188,000. Optiver Holding B.V. increased its position 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 worth $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Finally, Belvedere Trading LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $844,000.

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.