Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Down 8.6% – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares dropped 8.6% on Thursday. The company traded as low as $35.21 and last traded at $34.6140. Approximately 15,967,394 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 47,685,699 shares. The stock had previously closed at $37.88.

Direxion Daily MU Bull 2X ETF Stock Down 1.5%

The firm’s 50 day simple moving average is $32.01 and its 200-day simple moving average is $29.46.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of large investors have recently made changes to their positions in MUU. Corient Private Wealth LP purchased a new stake in Direxion Daily MU Bull 2X ETF in the second quarter valued at approximately $523,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $315,000. PFG Investments LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $482,000. Diversify Wealth Management LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $658,000. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at $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.