Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Trading Down 12.1% – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price traded down 12.1% on Monday . The company traded as low as $26.77 and last traded at $27.6390. Approximately 9,256,491 shares traded hands during trading, a decline of 81% from the average daily volume of 49,954,281 shares. The stock had previously closed at $31.43.

Direxion Daily MU Bull 2X ETF Stock Down 11.3%

The company has a 50 day moving average of $30.63 and a 200-day moving average of $26.03.

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

Several hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP bought a new position in shares of Direxion Daily MU Bull 2X ETF during the second quarter valued at approximately $523,000. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $1,533,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $315,000. Renaissance Technologies LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $1,023,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $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.