Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up before the market opened on Tuesday. The stock had previously closed at $35.91, but opened at $37.43. Direxion Daily MU Bull 2X ETF shares last traded at $37.1980, with a volume of 5,742,482 shares trading hands.

Direxion Daily MU Bull 2X ETF Price Performance

The firm’s fifty day moving average is $30.71 and its two-hundred day moving average is $27.96.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP bought a new stake in Direxion Daily MU Bull 2X ETF during the second quarter worth approximately $523,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $1,533,000. Vestor Capital LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth $315,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $1,023,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at about $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.