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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up prior to trading on Monday. The stock had previously closed at $24.34, but opened at $26.24. Direxion Daily MU Bull 2X ETF shares last traded at $25.9180, with a volume of 6,853,065 shares traded.

Direxion Daily MU Bull 2X ETF Price Performance

The stock’s fifty day moving average is $32.11 and its two-hundred day moving average is $30.60.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. Corient Private Wealth LP purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the second quarter worth approximately $523,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $482,000. Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $658,000. Finally, Spartan Wealth Advisory Services LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $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.