Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Expands By 885.5%

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 9,489,943 shares, a growth of 885.5% from the June 30th total of 962,979 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average daily trading volume, of 47,198,710 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Direxion Daily MU Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. grew its position in 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 valued at $128,000 after acquiring an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X Shares in the first quarter worth $482,000. Finally, Diversify Wealth Management LLC bought 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 Trading Down 14.3%

MUU stock opened at $31.27 on Friday. Direxion Daily MU Bull 2X Shares has a twelve month low of $0.84 and a twelve month high of $62.64. The firm’s fifty day simple moving average is $39.53 and its two-hundred day simple moving average is $20.89.

Direxion Daily MU Bull 2X Shares Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.3%.

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.