Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $33.72, but opened at $35.65. Direxion Daily MU Bull 2X ETF shares last traded at $35.3330, with a volume of 8,803,228 shares changing hands.

Direxion Daily MU Bull 2X ETF Trading Up 4.9%

The company’s 50-day simple moving average is $29.96 and its 200 day simple moving average is $26.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MUU. Client First Investment Management LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the fourth quarter valued at approximately $883,000. PFG Investments LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth $482,000. Corient Private Wealth LP acquired a new position in Direxion Daily MU Bull 2X ETF in the 2nd quarter valued at $523,000. Renaissance Technologies LLC bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $1,023,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth $1,533,000.

About Direxion Daily MU Bull 2X ETF

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.