Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Climb 6.5% – Time to Buy?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) rose 6.5% during mid-day trading on Friday. The company 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 Trading Up 7.6%

The firm has a fifty day moving average of $31.90 and a 200 day moving average of $30.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wealth Management Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the third quarter valued at $212,000. Silverleafe Capital Partners LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the third quarter valued at approximately $939,000. Corient Private Wealth LP acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the 2nd quarter worth $523,000. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter worth about $1,533,000. Finally, Vestor Capital LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the first quarter worth approximately $315,000.

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.