Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Down 8.6% – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) fell 8.6% during trading on Thursday. The stock traded as low as $35.21 and last traded at $34.6140. Approximately 15,967,394 shares changed hands during trading, a decline of 67% from the average daily volume of 47,685,699 shares. The stock had previously closed at $37.88.

Direxion Daily MU Bull 2X ETF Stock Down 8.7%

The firm has a fifty day moving average price of $31.66 and a two-hundred day moving average price of $29.26.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Large investors have recently modified their holdings of the company. Corient Private Wealth LP purchased a new position in Direxion Daily MU Bull 2X ETF during the 2nd quarter valued at about $523,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter worth approximately $315,000. PFG Investments LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $482,000. Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth about $658,000. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $808,000.

Direxion Daily MU Bull 2X ETF 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.