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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped down prior to trading on Wednesday. The stock had previously closed at $35.14, but opened at $33.25. Direxion Daily MU Bull 2X ETF shares last traded at $34.5460, with a volume of 7,733,788 shares changing hands.

Direxion Daily MU Bull 2X ETF Stock Performance

The company has a 50 day moving average price of $31.81 and a 200 day moving average price of $29.43.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Institutional investors have recently added to or reduced their stakes in the stock. Silverleafe Capital Partners LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the 3rd quarter worth $939,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $1,533,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $1,023,000. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $808,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth about $658,000.

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.