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

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. 11,598,025 shares changed 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 Up 8.2%

The business’s 50 day moving average is $32.09 and its 200-day moving average is $25.04.

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

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in Direxion Daily MU Bull 2X Shares in the first quarter valued at approximately $716,000. Tower Research Capital LLC TRC boosted its position in Direxion Daily MU Bull 2X Shares by 95.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock worth $64,000 after acquiring an additional 1,289 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares during the 3rd quarter worth about $840,000. UBS Group AG acquired a new position in shares of Direxion Daily MU Bull 2X Shares during the 4th quarter valued at about $10,100,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily MU Bull 2X Shares by 98.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after buying an additional 631 shares during the last quarter.

About Direxion Daily MU Bull 2X Shares

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.