Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Falls 7.6% – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price fell 7.6% during trading on Friday. The stock traded as low as $25.01 and last traded at $25.4170. Approximately 5,756,680 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 47,012,516 shares. The stock had previously closed at $27.50.

Direxion Daily MU Bull 2X ETF Price Performance

The business has a 50 day moving average price of $32.17 and a two-hundred day moving average price of $30.20.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silverleafe Capital Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the 3rd quarter worth approximately $939,000. Optiver Holding B.V. bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth approximately $1,533,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at approximately $1,023,000. Spartan Wealth Advisory Services LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at approximately $808,000. Finally, Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at approximately $658,000.

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.