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 Thursday . The stock had previously closed at $19.63, but opened at $22.51. Direxion Daily MU Bull 2X Shares shares last traded at $24.30, with a volume of 26,472,316 shares trading hands.

Direxion Daily MU Bull 2X Shares Price Performance

The company’s 50-day moving average is $39.59 and its two-hundred day moving average is $21.37.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MUU. Optiver Holding B.V. purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at about $1,533,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $315,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth about $808,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth 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.