Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Update

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 962,979 shares, a growth of 232.5% from the June 15th total of 289,636 shares. Approximately 11.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,491,646 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily MU Bull 2X Shares Stock Up 9.5%

NASDAQ:MUU opened at $742.65 on Wednesday. Direxion Daily MU Bull 2X Shares has a 1 year low of $16.73 and a 1 year high of $1,252.80. The stock’s 50 day simple moving average is $775.73 and its two-hundred day simple moving average is $390.57.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $2.047 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $8.19 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X Shares

Several large investors have recently bought and sold shares of MUU. Tower Research Capital LLC TRC raised its stake in Direxion Daily MU Bull 2X Shares by 95.1% during the second 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 in the last quarter. SBI Securities Co. Ltd. grew its stake 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 in the last quarter. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $315,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $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.