Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Should You Buy?
by Michael Walen · The Markets DailyShares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $213.88, but opened at $223.40. Direxion Daily MU Bull 2X Shares shares last traded at $224.26, with a volume of 1,278,037 shares trading hands.
Direxion Daily MU Bull 2X Shares Trading Up 6.4%
The stock’s fifty day simple moving average is $179.91 and its 200-day simple moving average is $105.02.
Direxion Daily MU Bull 2X Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.7%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG acquired a new position in Direxion Daily MU Bull 2X Shares during the 4th quarter worth $10,100,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $716,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at about $1,188,000. Optiver Holding B.V. grew its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after buying an additional 23,032 shares in the last quarter. Finally, Belvedere Trading LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth about $844,000.
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.