Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – Time to Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped down prior to trading on Thursday . The stock had previously closed at $35.05, but opened at $32.97. Direxion Daily MU Bull 2X ETF shares last traded at $32.35, with a volume of 6,673,987 shares trading hands.

Direxion Daily MU Bull 2X ETF Trading Down 9.8%

The business’s fifty day simple moving average is $30.86 and its two-hundred day simple moving average is $25.73.

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

Large investors have recently bought and sold shares of the stock. UBS Group AG purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the fourth quarter worth about $10,100,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter worth $716,000. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the 3rd quarter worth $840,000. Optiver Holding B.V. acquired a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $1,533,000. Finally, Client First Investment Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the fourth quarter valued at approximately $883,000.

About Direxion Daily MU Bull 2X ETF

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.