Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Down 49.1% in March

Key Points

• Short interest down 49.1% — Short interest in Direxion Daily MU Bull 2X Shares (MUU) fell to 400,502 shares as of March 31, equal to 6.3% sold short and a short-interest ratio of 0.1 days based on average volume.
• Dividend increased — MUU paid a quarterly dividend of $0.6767 on March 31 (annualized $2.71, 1.4% yield), up from the prior quarterly payment of $0.38.
• 2x leveraged Micron ETF with institutional buying — MUU, launched Oct 10, 2024, offers 2x daily exposure to Micron Technology and has drawn recent institutional stakes from firms including Goldman Sachs and Citadel while trading near $188.45.

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU - ) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 400,502 shares, a decrease of 49.1% from the March 15th total of 787,506 shares. Currently, 6.3% of the shares of the stock are sold short. Based on an average trading volume of 3,348,546 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily MU Bull 2X Shares Stock Up 3.0%

MUU traded up $5.44 during mid-day trading on Monday, reaching $188.45. The stock had a trading volume of 2,460,300 shares, compared to its average volume of 2,453,811. The firm's fifty day simple moving average is $178.62 and its two-hundred day simple moving average is $123.92. Direxion Daily MU Bull 2X Shares has a 52 week low of $7.29 and a 52 week high of $249.10.

Direxion Daily MU Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.6767 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily MU Bull 2X Shares's previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MUU. Tower Research Capital LLC TRC boosted its position in 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 valued at $64,000 after buying an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company's stock worth $128,000 after buying an additional 631 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth approximately $677,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the first quarter worth approximately $716,000. Finally, Citadel Advisors LLC bought a new stake in shares of Direxion Daily MU Bull 2X Shares during the third quarter worth approximately $840,000.

About Direxion Daily MU Bull 2X Shares

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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