Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 9% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price fell 9% during trading on Thursday . The company traded as low as $141.51 and last traded at $143.20. 1,150,806 shares changed hands during trading, a decline of 48% from the average session volume of 2,214,403 shares. The stock had previously closed at $157.39.

Direxion Daily MU Bull 2X Shares Stock Down 11.8%

The firm’s 50 day moving average is $188.09 and its two-hundred day moving average is $112.98.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a $0.6767 dividend. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date is Tuesday, March 24th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 1.9%.

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

Hedge funds have recently made changes to their positions in the stock. UBS Group AG bought a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily MU Bull 2X Shares during the 1st quarter worth approximately $716,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares during the period. Belvedere Trading LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $844,000. Finally, Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 3rd quarter valued at $840,000.

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.