Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped down before the market opened on Thursday . The stock had previously closed at $35.05, but opened at $32.97. Direxion Daily MU Bull 2X ETF shares last traded at $32.35, with a volume of 6,673,987 shares trading hands.

Direxion Daily MU Bull 2X ETF Price Performance

The business has a 50-day moving average price of $30.86 and a 200-day moving average price of $25.73.

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

Several large investors have recently modified their holdings of MUU. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $716,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily MU Bull 2X ETF by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after purchasing an additional 1,289 shares during the last quarter. Citadel Advisors LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the third quarter valued at $840,000. UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 4th quarter worth about $10,100,000. Finally, Csenge Advisory Group purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the 4th quarter valued at about $677,000.

About Direxion Daily MU Bull 2X ETF

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.