Goldman Sachs Group Inc. Purchases New Stake in Direxion Daily MU Bull 2X Shares $MUU

Key Points

• Goldman Sachs Group Inc. has acquired 50,000 shares of the Direxion Daily MU Bull 2X Shares (NASDAQ: MUU) during the first quarter, representing approximately $716,000 and accounting for 2.38% of the fund.
• Direxion Daily MU Bull 2X Shares announced a quarterly dividend of $0.0639 per share, with a yield of 0.6%, scheduled for payment on September 30th.
• The stock has experienced significant price fluctuations, with a fifty-two week low of $6.77 and a high of $43.46.

Goldman Sachs Group Inc. purchased a new stake in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $716,000. Goldman Sachs Group Inc. owned 2.38% of Direxion Daily MU Bull 2X Shares at the end of the most recent quarter.

Separately, Bank of America Corp DE acquired a new stake in shares of Direxion Daily MU Bull 2X Shares during the fourth quarter worth $383,000.

Direxion Daily MU Bull 2X Shares Price Performance

MUU opened at $41.40 on Wednesday. Direxion Daily MU Bull 2X Shares has a fifty-two week low of $6.77 and a fifty-two week high of $43.46. The stock has a fifty day moving average of $24.73 and a 200-day moving average of $19.24.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $0.0639 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.6%.

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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