Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $31.12, but opened at $27.67. Direxion Daily MU Bull 2X ETF shares last traded at $28.3810, with a volume of 11,136,556 shares.

Direxion Daily MU Bull 2X ETF Trading Down 10.7%

The firm has a 50-day moving average of $32.15 and a 200 day moving average of $29.77.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the second quarter worth $523,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $482,000. Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $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.