Direxion Daily MU Bull 2X ETF Sees Unusually High Options Volume (NASDAQ:MUU)

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) was the target of some unusual options trading on Wednesday. Investors purchased 32,163 call options on the company. This is an increase of approximately 29% compared to the average volume of 25,021 call options.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MUU. Silverleafe Capital Partners LLC bought a new position in Direxion Daily MU Bull 2X ETF in the third quarter valued at $939,000. StoneX Group Inc. bought a new stake in Direxion Daily MU Bull 2X ETF during the 3rd quarter worth about $4,129,000. Hoey Investments Inc. grew its holdings in shares of Direxion Daily MU Bull 2X ETF by 6,280.7% in the 3rd quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock valued at $3,672,000 after acquiring an additional 98,167 shares in the last quarter. Intrua Financial LLC raised its holdings in Direxion Daily MU Bull 2X ETF by 4,560.0% during the third quarter. Intrua Financial LLC now owns 23,300 shares of the company’s stock worth $858,000 after acquiring an additional 22,800 shares in the last quarter. Finally, Dedeker Financial LLC grew its stake in Direxion Daily MU Bull 2X ETF by 1,919.7% in the third quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock valued at $4,092,000 after purchasing an additional 105,620 shares in the last quarter.

Direxion Daily MU Bull 2X ETF Stock Performance

NASDAQ MUU opened at $18.75 on Thursday. Direxion Daily MU Bull 2X ETF has a 52 week low of $2.52 and a 52 week high of $62.64. The stock’s 50 day moving average price is $29.22 and its two-hundred day moving average price is $24.83.

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.