Direxion Daily MU Bull 2X ETF (NASDAQ:MUU – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.46 and traded as low as $22.76. Direxion Daily MU Bull 2X ETF shares last traded at $24.08, with a volume of 24,325,328 shares.
Direxion Daily MU Bull 2X ETF Trading Down 10.7%
The business’s 50-day moving average is $31.18 and its two-hundred day moving average is $24.46.
Institutional Trading of Direxion Daily MU Bull 2X ETF
Several institutional investors and hedge funds have recently modified their holdings of MUU. Silverleafe Capital Partners LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at approximately $939,000. Dedeker Financial LLC raised its position in Direxion Daily MU Bull 2X ETF by 1,919.7% during the 3rd quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock worth $4,092,000 after buying an additional 105,620 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth approximately $482,000. Hoey Investments Inc. increased its position in Direxion Daily MU Bull 2X ETF by 6,280.7% during the 3rd quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock worth $3,672,000 after purchasing an additional 98,167 shares in the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter worth about $545,000.
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.
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