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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped down prior to trading on Wednesday. The stock had previously closed at $35.14, but opened at $33.25. Direxion Daily MU Bull 2X ETF shares last traded at $34.5460, with a volume of 7,733,788 shares trading hands.

Direxion Daily MU Bull 2X ETF Price Performance

The business has a 50 day simple moving average of $31.30 and a 200 day simple moving average of $29.07.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X ETF

A number of hedge funds have recently added to or reduced their stakes in MUU. Silverleafe Capital Partners LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the third quarter worth approximately $939,000. Optiver Holding B.V. bought a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $1,533,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $1,023,000. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $808,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $658,000.

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.