Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU – Get Free Report)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $31.12, but opened at $27.67. Direxion Daily MU Bull 2X ETF shares last traded at $28.3810, with a volume of 11,136,556 shares traded.

Direxion Daily MU Bull 2X ETF Stock Down 10.7%

The stock’s 50 day moving average price is $32.15 and its 200 day moving average price is $29.77.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of institutional investors have recently added to or reduced their stakes in MUU. Silverleafe Capital Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the third quarter valued at about $939,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth about $1,533,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $1,023,000. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $808,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $658,000.

Direxion Daily MU Bull 2X ETF Company Profile

(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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