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

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) gapped down prior to trading on Friday . The stock had previously closed at $175.23, but opened at $161.03. Direxion Daily MU Bull 2X Shares shares last traded at $168.00, with a volume of 685,258 shares trading hands.

Direxion Daily MU Bull 2X Shares Trading Down 13.1%

The business’s 50-day simple moving average is $170.34 and its 200-day simple moving average is $97.39.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.3775 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a dividend yield of 1.0%.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUU. Belvedere Trading LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the third quarter worth approximately $844,000. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the second quarter valued at $1,188,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock valued at $1,528,000 after acquiring an additional 23,032 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily MU Bull 2X Shares by 25,550.0% during the 2nd 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 last quarter. Finally, Csenge Advisory Group bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter worth $677,000.

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.