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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $28.14, but opened at $28.91. Direxion Daily MU Bull 2X ETF shares last traded at $28.15, with a volume of 7,583,323 shares traded.

Direxion Daily MU Bull 2X ETF Trading Down 0.6%

The firm has a 50-day moving average of $30.43 and a 200 day moving average of $26.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Corient Private Wealth LP bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the second quarter valued at about $523,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the 1st quarter worth $1,533,000. Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the 1st quarter worth about $315,000. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $1,023,000. Finally, Spartan Wealth Advisory Services LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth 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.