Belvedere Trading LLC Takes $844,000 Position in Direxion Daily MU Bull 2X Shares $MUU

Belvedere Trading LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,350 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in Direxion Daily MU Bull 2X Shares by 25,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company’s stock valued at $25,000 after purchasing an additional 1,022 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Delta Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter valued at $341,000. 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. Finally, 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.

Direxion Daily MU Bull 2X Shares Stock Performance

MUU stock opened at $144.04 on Tuesday. The business has a fifty day simple moving average of $88.43 and a 200-day simple moving average of $53.47. Direxion Daily MU Bull 2X Shares has a 52 week low of $6.77 and a 52 week high of $146.43.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.3775 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.51 annualized dividend and a yield of 1.0%.

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.