Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Jumps 6.5% – Should You Buy?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price shot up 6.5% during mid-day trading on Friday. The stock traded as high as $24.27 and last traded at $24.4070. Approximately 6,372,507 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 46,484,914 shares. The stock had previously closed at $22.91.

Direxion Daily MU Bull 2X ETF Price Performance

The company has a 50-day moving average price of $31.90 and a 200 day moving average price of $30.85.

Institutional Investors Weigh In On Direxion Daily MU Bull 2X ETF

Large investors have recently made changes to their positions in the company. Silverleafe Capital Partners LLC bought a new stake in Direxion Daily MU Bull 2X ETF in the 3rd quarter worth approximately $939,000. Optiver Holding B.V. purchased a new stake in Direxion Daily MU Bull 2X ETF in the first quarter worth $1,533,000. Renaissance Technologies LLC bought a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $1,023,000. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth $808,000. Finally, Wealth Management Partners LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the third quarter valued at approximately $212,000.

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.