Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $195.13, but opened at $182.02. Direxion Daily MU Bull 2X Shares shares last traded at $195.00, with a volume of 783,704 shares changing hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The business has a 50 day moving average of $163.03 and a two-hundred day moving average of $92.20.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUU. UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $10,100,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $716,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 2nd quarter valued at $1,188,000. Optiver Holding B.V. boosted its position in shares of Direxion Daily MU Bull 2X Shares by 166.8% in the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Finally, Belvedere Trading LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $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.