Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $180.00, but opened at $194.12. Direxion Daily MU Bull 2X Shares shares last traded at $197.84, with a volume of 883,418 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Up 12.1%

The stock’s 50 day moving average is $104.73 and its two-hundred day moving average is $63.19.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 0.7%. 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 large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares during the first quarter worth $716,000. Delta Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth $341,000. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the second quarter valued at about $1,188,000. Finally, Tower Research Capital LLC TRC grew its stake in Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter.

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.