Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Stock Price Down 4.7% – Time to Sell?

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) shares dropped 4.7% during mid-day trading on Friday . The stock traded as low as $7.16 and last traded at $7.26. Approximately 1,470,367 shares changed hands during trading, an increase of 249% from the average daily volume of 421,011 shares. The stock had previously closed at $7.62.

Direxion Daily MU Bear 1X Shares Stock Down 4.7%

The stock has a fifty day moving average of $8.39 and a 200 day moving average of $13.45.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a $0.0707 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily MU Bear 1X Shares stock. Optiver Holding B.V. boosted its position in shares of Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) by 72.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,172 shares of the company’s stock after buying an additional 12,277 shares during the quarter. Optiver Holding B.V. owned 0.84% of Direxion Daily MU Bear 1X Shares worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily MU Bear 1X Shares Company Profile

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.