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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up before the market opened on Wednesday. The stock had previously closed at $26.87, but opened at $28.74. Direxion Daily MU Bull 2X ETF shares last traded at $29.4470, with a volume of 8,064,399 shares trading hands.

Direxion Daily MU Bull 2X ETF Trading Up 8.4%

The stock’s 50-day moving average is $31.40 and its two-hundred day moving average is $24.15.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Management Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the third quarter valued at $212,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $315,000. PFG Investments LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth about $482,000. Corient Private Wealth LP purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the second quarter valued at about $523,000. Finally, Diversify Wealth Management LLC bought a new stake in Direxion Daily MU Bull 2X ETF in the first quarter worth $658,000.

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.