Short Interest in Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Rises By 59.1%

Key Points

• Short interest rose 59.1% in February to 783,238 shares, equal to about 11.5% of shares sold short and a days‑to‑cover ratio of 0.6 days.
• MUU traded up roughly 10.2% to $199.22 on heavy volume (2.81M vs. avg 2.06M), with a 50‑day/200‑day moving average of $178.01/$102.52 and a 12‑month range of $6.77–$249.10.
• The ETF is a 2x leveraged fund providing double exposure to Micron Technology (launched Oct 10, 2024) and recently attracted new institutional stakes from firms including Goldman Sachs, Citadel and Csenge.

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU - ) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 783,238 shares, a growth of 59.1% from the February 12th total of 492,429 shares. Based on an average daily trading volume, of 1,411,452 shares, the days-to-cover ratio is currently 0.6 days. Currently, 11.5% of the shares of the company are sold short. Currently, 11.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,411,452 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares

A number of large investors have recently modified their holdings of MUU. SBI Securities Co. Ltd. lifted its stake in Direxion Daily MU Bull 2X Shares by 25,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,026 shares of the company's stock worth $25,000 after purchasing an additional 1,022 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 1,289 shares in the last quarter. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X Shares in the fourth quarter valued at approximately $677,000. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $716,000. Finally, Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the third quarter worth about $840,000.

Direxion Daily MU Bull 2X Shares Trading Up 10.2%

Direxion Daily MU Bull 2X Shares stock traded up $18.40 during midday trading on Friday, reaching $199.22. The stock had a trading volume of 2,810,085 shares, compared to its average volume of 2,056,834. Direxion Daily MU Bull 2X Shares has a 12 month low of $6.77 and a 12 month high of $249.10. The firm's 50-day moving average price is $178.01 and its 200 day moving average price is $102.52.

Direxion Daily MU Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.51 dividend on an annualized basis and a yield of 0.8%.

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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