Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) Shares Down 5% – Here’s What Happened

Shares of Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) dropped 5% during trading on Tuesday . The company traded as low as $11.10 and last traded at $11.25. 10,526,172 shares traded hands during trading, an increase of 50% from the average daily volume of 7,004,146 shares. The stock had previously closed at $11.84.

Direxion Daily MU Bear 1X Shares Stock Performance

The company’s fifty day simple moving average is $13.66 and its two-hundred day simple moving average is $30.48.

Direxion Daily MU Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0505 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.8%.

Institutional Investors Weigh In On Direxion Daily MU Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily MU Bear 1X Shares stock. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MU Bear 1X Shares (NASDAQ:MUD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,739 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned about 0.13% of Direxion Daily MU Bear 1X Shares as of its most recent filing with the SEC.

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.