Direxion Daily MU Bear 1X ETF (NASDAQ:MUD) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Direxion Daily MU Bear 1X ETF (NASDAQ:MUD – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.02 and traded as low as $9.59. Direxion Daily MU Bear 1X ETF shares last traded at $9.67, with a volume of 12,436,245 shares changing hands.

Direxion Daily MU Bear 1X ETF Stock Down 5.8%

The stock has a fifty day moving average price of $10.02 and a 200 day moving average price of $21.81.

Direxion Daily MU Bear 1X ETF Company Profile

(Get Free Report)

The Direxion Daily MU Bear 1X Shares (MUD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Micron Technology, Inc stock. MUD was launched on Oct 10, 2024 and is issued by Direxion.

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