Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Down 11.1% – Should You Sell?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) traded down 11.1% during mid-day trading on Thursday. The company traded as low as $23.54 and last traded at $23.3250. Approximately 21,834,772 shares traded hands during trading, a decline of 53% from the average session volume of 46,606,227 shares. The stock had previously closed at $26.23.

Direxion Daily MU Bull 2X ETF Stock Performance

The firm has a 50 day moving average price of $32.06 and a 200-day moving average price of $30.74.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of institutional investors have recently modified their holdings of MUU. Corient Private Wealth LP acquired a new position in Direxion Daily MU Bull 2X ETF during the second quarter valued at approximately $523,000. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $315,000. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $482,000. Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $658,000. Finally, Wealth Management Partners LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the 3rd quarter valued at about $212,000.

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.