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

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped down before the market opened on Friday. The stock had previously closed at $26.98, but opened at $24.04. Direxion Daily MU Bull 2X ETF shares last traded at $24.8970, with a volume of 5,820,834 shares changing hands.

Direxion Daily MU Bull 2X ETF Price Performance

The stock has a 50-day moving average price of $31.34 and a two-hundred day moving average price of $24.37.

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

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the second quarter worth about $523,000. Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at approximately $315,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $482,000. Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at $658,000. Finally, Wealth Management Partners LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the third quarter valued at about $212,000.

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.