Direxion Daily MU Bull 2X ETF (NASDAQ:MUU – Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $26.87, but opened at $28.74. Direxion Daily MU Bull 2X ETF shares last traded at $29.4470, with a volume of 8,064,399 shares trading hands.
Direxion Daily MU Bull 2X ETF Price Performance
The company’s 50-day moving average price is $31.34 and its two-hundred day moving average price is $24.37.
Institutional Trading of Direxion Daily MU Bull 2X ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Dedeker Financial LLC lifted its stake in Direxion Daily MU Bull 2X ETF by 1,919.7% in the 3rd quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock valued at $4,092,000 after purchasing an additional 105,620 shares during the last quarter. Hoey Investments Inc. boosted its position in Direxion Daily MU Bull 2X ETF by 6,280.7% during the third quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock valued at $3,672,000 after acquiring an additional 98,167 shares during the last quarter. MGO One Seven LLC lifted its stake in Direxion Daily MU Bull 2X ETF by 1,928.0% in the third quarter. MGO One Seven LLC now owns 82,257 shares of the company’s stock valued at $3,029,000 after buying an additional 78,201 shares during the period. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at $1,533,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth approximately $1,023,000.
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.
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