Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Stock Price Up 7.7% – Here’s What Happened

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU)’s stock price rose 7.7% on Friday . The company traded as high as $33.29 and last traded at $33.0510. Approximately 11,598,025 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 50,705,617 shares. The stock had previously closed at $30.69.

Direxion Daily MU Bull 2X Shares Stock Performance

The business has a 50 day moving average price of $32.09 and a 200-day moving average price of $25.04.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the 2nd quarter worth about $523,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at about $1,533,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 1st quarter valued at $315,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MU Bull 2X Shares in the 1st quarter worth about $1,023,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter worth $808,000.

Direxion Daily MU Bull 2X Shares 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.