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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $35.91, but opened at $37.43. Direxion Daily MU Bull 2X ETF shares last traded at $37.1980, with a volume of 5,742,482 shares trading hands.

Direxion Daily MU Bull 2X ETF Price Performance

The stock has a 50 day moving average of $30.71 and a two-hundred day moving average of $27.96.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 2nd quarter valued at $523,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $482,000. Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $658,000. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $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.