Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 51.8% in December

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 849,296 shares, an increase of 51.8% from the November 30th total of 559,314 shares. Currently, 23.3% of the company’s shares are short sold. Based on an average daily volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 1,022,931 shares, the short-interest ratio is presently 0.8 days. Currently, 23.3% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $716,000. Delta Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth approximately $341,000. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after purchasing an additional 1,022 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at $1,188,000. Finally, Tower Research Capital LLC TRC increased 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 buying an additional 1,289 shares during the period.

Direxion Daily MU Bull 2X Shares Stock Performance

NASDAQ MUU traded up $0.23 on Monday, reaching $100.64. The company had a trading volume of 522,754 shares, compared to its average volume of 685,313. Direxion Daily MU Bull 2X Shares has a fifty-two week low of $6.77 and a fifty-two week high of $104.80. The business has a 50 day moving average of $76.20 and a two-hundred day moving average of $45.80.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be paid a $0.3775 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 1.5%.

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.