Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Sees Large Increase in Short Interest

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 325,125 shares, a growth of 43.8% from the December 31st total of 226,068 shares. Based on an average daily trading volume, of 1,384,733 shares, the short-interest ratio is presently 0.2 days. Approximately 6.0% of the shares of the company are short sold. Approximately 6.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,384,733 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily MU Bull 2X Shares Stock Performance

Shares of NASDAQ:MUU opened at $224.90 on Tuesday. Direxion Daily MU Bull 2X Shares has a 52 week low of $6.77 and a 52 week high of $249.10. The company’s fifty day moving average is $119.75 and its 200-day moving average is $69.97.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.3775 dividend. 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%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of 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 worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 buying an additional 1,289 shares during the period. Delta Investment Management LLC bought a new stake in Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at about $341,000. Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at about $716,000. Finally, Citadel Advisors LLC acquired a new position in Direxion Daily MU Bull 2X Shares during the third quarter valued at approximately $840,000.

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.