Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 13% – Time to Buy?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price shot up 13% on Tuesday . The company traded as high as $27.41 and last traded at $27.12. 15,440,401 shares changed hands during trading, a decline of 71% from the average session volume of 54,008,328 shares. The stock had previously closed at $23.99.

Direxion Daily MU Bull 2X Shares Price Performance

The business has a 50 day moving average price of $39.04 and a 200-day moving average price of $22.04.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter valued at about $10,100,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at about $840,000. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $1,533,000. Finally, Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter worth approximately $883,000.

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.