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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price gapped down before the market opened 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 traded.

Direxion Daily MU Bull 2X ETF Price Performance

The firm’s 50 day moving average price is $31.30 and its 200-day moving average price is $29.07.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 2nd quarter valued at $523,000. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth $315,000. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth $482,000. Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $808,000.

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.