Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Trading 10.3% Higher – Should You Buy?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shot up 10.3% during trading on Thursday . The stock traded as high as $31.85 and last traded at $31.1820. Approximately 8,112,947 shares changed hands during trading, a decline of 84% from the average daily volume of 49,408,004 shares. The stock had previously closed at $28.27.

Direxion Daily MU Bull 2X ETF Trading Up 10.4%

The stock’s fifty day moving average is $30.17 and its two-hundred day moving average is $26.42.

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

Several large investors have recently modified their holdings of MUU. Corient Private Wealth LP acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the 2nd quarter valued at $523,000. Optiver Holding B.V. acquired a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $1,533,000. Vestor Capital LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the first quarter valued at about $315,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily MU Bull 2X ETF during the first quarter valued at about $1,023,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $808,000.

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.