Direxion Daily MU Bull 2X ETF (NASDAQ:MUU – Get Free Report)’s share price fell 13.8% during mid-day trading on Wednesday. The stock traded as low as $19.55 and last traded at $19.2840. Approximately 18,495,436 shares changed hands during trading, a decline of 59% from the average session volume of 45,577,949 shares. The stock had previously closed at $22.36.
Direxion Daily MU Bull 2X ETF Stock Performance
The stock’s fifty day simple moving average is $30.32 and its 200-day simple moving average is $24.69.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Csenge Advisory Group increased its holdings in Direxion Daily MU Bull 2X ETF by 1,900.0% during the third quarter. Csenge Advisory Group now owns 134,140 shares of the company’s stock worth $4,939,000 after buying an additional 127,433 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in Direxion Daily MU Bull 2X ETF in the third quarter worth about $37,000. Simplex Trading LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at approximately $692,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the third quarter valued at approximately $118,000. Finally, StoneX Group Inc. purchased a new position in Direxion Daily MU Bull 2X ETF in the third quarter valued at approximately $4,129,000.
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.
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