Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Up 7% – Time to Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) rose 7% during trading on Friday . The company traded as high as $243.37 and last traded at $239.76. Approximately 666,342 shares changed hands during trading, a decline of 61% from the average daily volume of 1,723,014 shares. The stock had previously closed at $224.11.

Direxion Daily MU Bull 2X Shares Price Performance

The firm has a 50-day moving average price of $116.61 and a two-hundred day moving average price of $68.20.

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 Investors Weigh In On Direxion Daily MU Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in MUU. SBI Securities Co. Ltd. increased its stake in Direxion Daily MU Bull 2X Shares by 25,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after acquiring an additional 1,022 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares in the last quarter. Delta Investment Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the second quarter valued at approximately $341,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $716,000. Finally, Citadel Advisors LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the third 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.