Stock Traders Purchase High Volume of Direxion Daily MU Bull 2X Shares Call Options (NASDAQ:MUU)

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) was the recipient of unusually large options trading on Monday. Investors bought 5,385 call options on the company. This represents an increase of 64% compared to the typical volume of 3,281 call options.

Direxion Daily MU Bull 2X Shares Price Performance

Shares of NASDAQ:MUU opened at $35.14 on Wednesday. Direxion Daily MU Bull 2X Shares has a 1-year low of $0.84 and a 1-year high of $62.64. The business has a 50-day moving average price of $39.20 and a two-hundred day moving average price of $20.40.

Direxion Daily MU Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1024 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock valued at $128,000 after acquiring an additional 631 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $64,000 after purchasing an additional 1,289 shares during the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth $315,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $482,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $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.