Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Trading Up 5.9% – Should You Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) rose 5.9% during trading on Friday . The stock traded as high as $145.16 and last traded at $142.98. Approximately 1,974,888 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 2,244,650 shares. The stock had previously closed at $135.06.

Direxion Daily MU Bull 2X Shares Trading Up 1.2%

The business’s fifty day moving average is $187.66 and its two-hundred day moving average is $114.50.

Direxion Daily MU Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.6767 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Direxion Daily MU Bull 2X Shares’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Trading of Direxion Daily MU Bull 2X Shares

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 1,289 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the period. Csenge Advisory Group purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 4th quarter worth $677,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter worth $716,000. Finally, Citadel Advisors LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth $840,000.

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.