Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Down 13.8% – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price traded down 13.8% during trading on Wednesday. The stock traded as low as $19.55 and last traded at $19.2840. Approximately 18,495,436 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 45,577,949 shares. The stock had previously closed at $22.36.

Direxion Daily MU Bull 2X ETF Stock Performance

The stock has a 50-day moving average of $30.86 and a 200 day moving average of $24.61.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X ETF

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Direxion Daily MU Bull 2X ETF by 7,354.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,640 shares of the company’s stock worth $60,000 after buying an additional 1,618 shares during the last quarter. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X ETF during the third quarter worth $73,000. Wealth Management Partners LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the third quarter valued at $212,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $482,000. Finally, Corient Private Wealth LP purchased a new stake in Direxion Daily MU Bull 2X ETF in the second quarter valued at $523,000.

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.