Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Down 6.2% – Time to Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) shares traded down 6.2% during mid-day trading on Friday . The company traded as low as $196.58 and last traded at $201.79. 1,617,549 shares were traded during mid-day trading, a decline of 25% from the average session volume of 2,144,701 shares. The stock had previously closed at $215.03.

Direxion Daily MU Bull 2X Shares Trading Down 9.6%

The firm’s 50-day moving average is $186.33 and its 200-day moving average is $109.95.

Direxion Daily MU Bull 2X Shares Cuts Dividend

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

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Client First Investment Management LLC bought a new position in Direxion Daily MU Bull 2X Shares in the 4th quarter worth $883,000. Csenge Advisory Group bought a new stake in Direxion Daily MU Bull 2X Shares during the fourth quarter valued at about $677,000. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after purchasing an additional 631 shares during the period. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter worth about $10,100,000. Finally, Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the third quarter worth about $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.