Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – What’s Next?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $25.80, but opened at $24.53. Direxion Daily MU Bull 2X ETF shares last traded at $25.8370, with a volume of 4,154,164 shares changing hands.

Direxion Daily MU Bull 2X ETF Stock Up 3.9%

The firm’s 50-day simple moving average is $32.06 and its 200 day simple moving average is $30.74.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the 3rd quarter valued at approximately $939,000. PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $482,000. Wealth Management Partners LLC bought a new stake in Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at $212,000. Corient Private Wealth LP acquired a new position in Direxion Daily MU Bull 2X ETF during the 2nd quarter worth $523,000. Finally, Optiver Holding B.V. acquired a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter worth $1,533,000.

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.