Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – Here’s Why

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped up before the market opened on Tuesday. The stock had previously closed at $21.28, but opened at $22.55. Direxion Daily MU Bull 2X ETF shares last traded at $22.6590, with a volume of 6,117,922 shares.

Direxion Daily MU Bull 2X ETF Stock Down 34.7%

The business has a fifty day moving average price of $30.66 and a two-hundred day moving average price of $24.67.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP acquired a new position in Direxion Daily MU Bull 2X ETF in the 2nd quarter worth about $523,000. Gen Wealth Partners Inc acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the third quarter worth about $37,000. Parallel Advisors LLC boosted its stake in shares of Direxion Daily MU Bull 2X ETF by 7,354.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,640 shares of the company’s stock worth $60,000 after acquiring an additional 1,618 shares in the last quarter. Vestor Capital LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF in the 3rd quarter valued at approximately $73,000. Finally, PFG Investments LLC bought a new stake in Direxion Daily MU Bull 2X ETF during the first quarter worth approximately $482,000.

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.