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 Friday. The stock had previously closed at $26.98, but opened at $24.04. Direxion Daily MU Bull 2X ETF shares last traded at $24.8970, with a volume of 5,820,834 shares changing hands.

Direxion Daily MU Bull 2X ETF Price Performance

The company’s 50 day moving average price is $31.34 and its two-hundred day moving average price is $24.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealth Management Partners LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the third quarter worth $212,000. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $315,000. PFG Investments LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $482,000. Corient Private Wealth LP purchased a new position in Direxion Daily MU Bull 2X ETF during the 2nd quarter valued at about $523,000. Finally, Aviance Capital Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at about $545,000.

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.