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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped up prior to trading on Wednesday. The stock had previously closed at $15.10, but opened at $17.31. Direxion Daily MU Bull 2X ETF shares last traded at $18.1730, with a volume of 9,604,805 shares traded.

Direxion Daily MU Bull 2X ETF Trading Up 26.2%

The business’s 50-day moving average price is $29.43 and its two-hundred day moving average price is $24.78.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Several hedge funds have recently added to or reduced their stakes in MUU. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Direxion Daily MU Bull 2X ETF in the third quarter worth about $1,841,000. Csenge Advisory Group lifted its holdings in shares of Direxion Daily MU Bull 2X ETF by 1,900.0% during the 3rd quarter. Csenge Advisory Group now owns 134,140 shares of the company’s stock valued at $4,939,000 after purchasing an additional 127,433 shares in the last quarter. Gen Wealth Partners Inc bought a new position in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at about $37,000. Simplex Trading LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at about $692,000. Finally, Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF in the 3rd quarter valued at approximately $118,000.

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.