Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Down 12.1% – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares traded down 12.1% during trading on Monday . The stock traded as low as $26.77 and last traded at $27.6390. Approximately 9,256,491 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 49,954,281 shares. The stock had previously closed at $31.43.

Direxion Daily MU Bull 2X ETF Stock Down 11.3%

The business has a 50 day moving average price of $30.63 and a two-hundred day moving average price of $26.03.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MUU. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $716,000. Tower Research Capital LLC TRC raised its holdings in 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 valued at $64,000 after buying an additional 1,289 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at $840,000. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X ETF during the 4th quarter valued at $10,100,000. Finally, Csenge Advisory Group bought a new stake in Direxion Daily MU Bull 2X ETF in the 4th quarter worth $677,000.

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.