Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Down 11.2% – Should You Sell?

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) traded down 11.2% during mid-day trading on Friday . The company traded as low as $32.32 and last traded at $32.39. Approximately 8,709,729 shares were traded during trading, a decline of 84% from the average session volume of 53,456,871 shares. The stock had previously closed at $36.49.

Direxion Daily MU Bull 2X Shares Stock Down 14.3%

The company’s 50 day moving average price is $39.53 and its 200 day moving average price is $20.89.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1024 per share. This represents a $0.41 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after buying an additional 631 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 in the last quarter. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $315,000. PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X Shares in the 1st quarter valued at about $658,000.

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.