Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Stock Price Down 4.7% – Time to Sell?

Direxion Daily MU Bear 1X Shares (NASDAQ:MUD)’s share price dropped 4.7% on Friday . The stock traded as low as $7.16 and last traded at $7.26. Approximately 1,470,367 shares were traded during trading, an increase of 249% from the average daily volume of 421,011 shares. The stock had previously closed at $7.62.

Direxion Daily MU Bear 1X Shares Stock Performance

The company’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $13.45.

Direxion Daily MU Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.0707 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 23rd.

Hedge Funds Weigh In On Direxion Daily MU Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily MU Bear 1X Shares stock. Susquehanna International Group LLP lifted its position in Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) by 40.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,616 shares of the company’s stock after acquiring an additional 5,941 shares during the quarter. Susquehanna International Group LLP owned 0.59% of Direxion Daily MU Bear 1X Shares worth $228,000 as of its most recent SEC filing.

Direxion Daily MU Bear 1X Shares Company Profile

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.