Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Still a Buy?

Shares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUUGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1,080.08, but opened at $1,200.00. Direxion Daily MU Bull 2X Shares shares last traded at $1,172.73, with a volume of 1,058,401 shares trading hands.

Direxion Daily MU Bull 2X Shares Stock Performance

The company’s fifty day simple moving average is $561.22 and its two-hundred day simple moving average is $296.19.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $716,000. Tower Research Capital LLC TRC boosted its stake in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares during the last quarter. Optiver Holding B.V. increased its holdings in Direxion Daily MU Bull 2X Shares by 166.8% during the 3rd quarter. Optiver Holding B.V. now owns 36,840 shares of the company’s stock worth $1,528,000 after purchasing an additional 23,032 shares in the last quarter. Citadel Advisors LLC bought a new stake in Direxion Daily MU Bull 2X Shares during the 3rd quarter worth approximately $840,000. Finally, UBS Group AG purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the fourth quarter worth approximately $10,100,000.

About Direxion Daily MU Bull 2X Shares

(Get Free Report)

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.

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