Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Falls 7% – Time to Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) dropped 7% during mid-day trading on Monday. The company traded as low as $35.31 and last traded at $35.2040. 8,162,898 shares were traded during trading, a decline of 83% from the average session volume of 48,386,633 shares. The stock had previously closed at $37.85.

Direxion Daily MU Bull 2X ETF Stock Performance

The business has a 50 day moving average of $30.56 and a 200-day moving average of $27.77.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Several institutional investors have recently modified their holdings of MUU. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X ETF during the first quarter worth approximately $482,000. Corient Private Wealth LP acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 2nd quarter worth about $523,000. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X ETF during the 1st quarter worth $1,533,000. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth approximately $315,000. Finally, Renaissance Technologies LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the first quarter worth $1,023,000.

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.