Direxion Daily MU Bull 2X ETF Target of Unusually Large Options Trading (NASDAQ:MUU)

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) was the recipient of unusually large options trading on Monday. Stock investors purchased 13,878 call options on the company. This is an increase of 10% compared to the average volume of 12,586 call options.

Direxion Daily MU Bull 2X ETF Price Performance

Shares of MUU stock traded up $1.31 during trading hours on Monday, reaching $35.03. The company had a trading volume of 17,924,871 shares, compared to its average volume of 49,162,488. The stock has a fifty day moving average of $29.96 and a 200-day moving average of $26.74. Direxion Daily MU Bull 2X ETF has a 12-month low of $1.77 and a 12-month high of $62.64.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MUU. Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the fourth quarter valued at $883,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the first quarter valued at approximately $482,000. Corient Private Wealth LP purchased a new stake in Direxion Daily MU Bull 2X ETF in the 2nd quarter valued at $523,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at about $1,023,000. Finally, Optiver Holding B.V. purchased a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at approximately $1,533,000.

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.