Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 9.6% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) dropped 9.6% on Tuesday . The stock traded as low as $884.74 and last traded at $908.10. Approximately 2,195,449 shares were traded during trading, a decline of 17% from the average daily volume of 2,651,902 shares. The stock had previously closed at $1,004.67.

Direxion Daily MU Bull 2X Shares Stock Up 18.8%

The stock has a fifty day simple moving average of $524.43 and a two-hundred day simple moving average of $282.06.

Direxion Daily MU Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.6767 per share. The ex-dividend date was Tuesday, March 24th. This represents a $2.71 annualized dividend and a dividend yield of 0.2%. This is an increase from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in 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 acquiring an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after purchasing an additional 631 shares in the last quarter. Vestor Capital LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at approximately $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at approximately $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.