Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 134.6% in July

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 22,262,372 shares, a growth of 134.6% from the July 15th total of 9,489,943 shares. Approximately 15.3% of the shares of the company are sold short. Based on an average trading volume of 57,130,831 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of NASDAQ MUU traded up $1.39 during midday trading on Friday, hitting $32.39. 30,988,294 shares of the company’s stock traded hands, compared to its average volume of 53,369,895. The firm has a fifty day moving average of $36.74 and a 200 day moving average of $22.91. Direxion Daily MU Bull 2X Shares has a 1 year low of $0.99 and a 1 year high of $62.64.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $658,000.

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.