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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $28.14, but opened at $28.91. Direxion Daily MU Bull 2X ETF shares last traded at $28.15, with a volume of 7,583,323 shares.

Direxion Daily MU Bull 2X ETF Stock Performance

The stock’s 50 day moving average price is $30.43 and its two-hundred day moving average price is $26.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter worth approximately $1,533,000. Client First Investment Management LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the fourth quarter valued at approximately $883,000. Renaissance Technologies LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $1,023,000. Csenge Advisory Group purchased a new stake in Direxion Daily MU Bull 2X ETF during the fourth quarter worth approximately $677,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth $808,000.

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.