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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped down prior to trading on Tuesday. The stock had previously closed at $31.12, but opened at $27.67. Direxion Daily MU Bull 2X ETF shares last traded at $28.3810, with a volume of 11,136,556 shares.

Direxion Daily MU Bull 2X ETF Stock Performance

The company’s 50 day moving average price is $32.15 and its two-hundred day moving average price is $30.06.

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

A number of large investors have recently made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the third quarter valued at about $939,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at approximately $482,000. Corient Private Wealth LP purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the 2nd quarter valued at approximately $523,000. Optiver Holding B.V. acquired a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter worth approximately $1,533,000. Finally, Vestor Capital LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter worth approximately $315,000.

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.