Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Falls 7.6% – What’s Next?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price traded down 7.6% during mid-day trading on Friday. The stock traded as low as $25.01 and last traded at $25.4170. 5,756,680 shares were traded during mid-day trading, a decline of 88% from the average session volume of 47,012,516 shares. The stock had previously closed at $27.50.

Direxion Daily MU Bull 2X ETF Trading Down 7.8%

The company has a 50-day moving average of $32.17 and a two-hundred day moving average of $30.20.

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

Several large investors have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at $939,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $482,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $1,023,000. Diversify Wealth Management LLC bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $658,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $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.