Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – What’s Next?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $19.23, but opened at $17.17. Direxion Daily MU Bull 2X ETF shares last traded at $15.3210, with a volume of 11,826,911 shares changing hands.

Direxion Daily MU Bull 2X ETF Stock Up 9.2%

The business’s 50 day moving average price is $30.01 and its 200-day moving average price is $24.72.

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

Large investors have recently modified their holdings of the stock. Csenge Advisory Group raised its stake in Direxion Daily MU Bull 2X ETF by 1,900.0% during the third quarter. Csenge Advisory Group now owns 134,140 shares of the company’s stock worth $4,939,000 after acquiring an additional 127,433 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter worth about $4,129,000. Dedeker Financial LLC lifted its holdings in Direxion Daily MU Bull 2X ETF by 1,919.7% during the 3rd quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock valued at $4,092,000 after purchasing an additional 105,620 shares during the last quarter. Hoey Investments Inc. lifted its holdings in Direxion Daily MU Bull 2X ETF by 6,280.7% during the 3rd quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock valued at $3,672,000 after purchasing an additional 98,167 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in Direxion Daily MU Bull 2X ETF by 1,928.0% during the third quarter. MGO One Seven LLC now owns 82,257 shares of the company’s stock worth $3,029,000 after buying an additional 78,201 shares during the last quarter.

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.