Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up - What's Next?

Key Points

• MUU gapped up and surged ~21.4% — the fund opened at $372.41 after a $333.96 close and last traded at $395.00 on elevated volume (863,444 shares).
• Dividend was increased: the quarterly payout rose to $0.6767 (annualized $2.71) from $0.38, yielding about 0.7% with an ex-dividend date of March 24 and payment March 31.
• Fund profile and institutional interest: MUU is a 2x leveraged ETF giving daily exposure to Micron Technology (launched Oct 10, 2024), and several institutions — including UBS, Goldman Sachs, Optiver and Citadel — have recently established or increased positions.

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU - ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $333.96, but opened at $372.41. Direxion Daily MU Bull 2X Shares shares last traded at $395.00, with a volume of 863,444 shares traded.

Direxion Daily MU Bull 2X Shares Stock Up 21.4%

The company's fifty day simple moving average is $192.16 and its two-hundred day simple moving average is $141.17.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.6767 dividend. This represents a $2.71 annualized dividend and a yield of 0.7%. This is a boost from Direxion Daily MU Bull 2X Shares's previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, March 24th.

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

Several hedge funds have recently bought and sold shares of the company. UBS Group AG acquired a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter worth $10,100,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth $716,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily MU Bull 2X Shares by 166.8% during the third quarter. Optiver Holding B.V. now owns 36,840 shares of the company's stock worth $1,528,000 after acquiring an additional 23,032 shares during the period. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth $844,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth $840,000.

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.

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