Stock Traders Buy High Volume of Call Options on Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) saw some unusual options trading activity on Wednesday. Traders purchased 22,201 call options on the company. This represents an increase of 26% compared to the typical volume of 17,650 call options.

Direxion Daily MU Bull 2X ETF Price Performance

MUU traded up $2.75 during midday trading on Wednesday, hitting $37.89. 26,741,033 shares of the company were exchanged, compared to its average volume of 47,792,852. The company’s 50 day simple moving average is $31.30 and its 200 day simple moving average is $29.07. Direxion Daily MU Bull 2X ETF has a 1-year low of $2.34 and a 1-year high of $62.64.

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

Several hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP acquired a new stake in Direxion Daily MU Bull 2X ETF during the second 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 about $315,000. PFG Investments LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth about $482,000. Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $658,000. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $808,000.

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.