Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Reaches New 52-Week High – Here’s Why

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1,252.80 and last traded at $1,175.24, with a volume of 1413976 shares traded. The stock had previously closed at $902.10.

Direxion Daily MU Bull 2X Shares Stock Performance

The company has a 50 day simple moving average of $646.39 and a 200 day simple moving average of $328.78.

Direxion Daily MU Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $2.047 per share. This represents a $8.19 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 23rd.

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

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in shares of 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. grew its position 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 purchasing an additional 631 shares during the period. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at $482,000. Finally, Diversify Wealth Management LLC acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at $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.