Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Short Interest Up 134.6% in July

Key Points

• Short interest surged 134.6% to 22.26 million shares as of July 31, up from 9.49 million shares two weeks earlier. About 15.3% of MUU’s shares were short, though its short-interest ratio remained low at 0.4 days.
• MUU traded at $32.39, with a 1-year range of $0.99 to $62.64 and a 50-day moving average of $36.74. The ETF provides 2x daily leveraged exposure to Micron Technology’s stock.
• Several institutional investors increased or initiated positions, while MUU recently paid a quarterly dividend of $0.1024 per share, equivalent to an annualized yield of approximately 1.3%.

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU - ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 22,262,372 shares, a growth of 134.6% from the July 15th total of 9,489,943 shares. Based on an average daily volume of 57,130,831 shares, the short-interest ratio is currently 0.4 days. Approximately 15.3% of the company's shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily MU Bull 2X Shares by 95.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company's stock worth $64,000 after buying an additional 1,289 shares during the period. SBI Securities Co. Ltd. lifted its holdings 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 valued at $128,000 after purchasing an additional 631 shares during the last quarter. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter valued at $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $482,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares in the first quarter worth about $658,000.

Direxion Daily MU Bull 2X Shares Price Performance

NASDAQ:MUU traded up $1.39 during trading hours on Friday, reaching $32.39. The company's stock had a trading volume of 30,988,294 shares, compared to its average volume of 53,369,895. The firm has a 50-day simple moving average of $36.74 and a 200-day simple moving average of $22.91. Direxion Daily MU Bull 2X Shares has a 1 year low of $0.99 and a 1 year high of $62.64.

Direxion Daily MU Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 1.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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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