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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares gapped down before the market opened on Thursday . The stock had previously closed at $35.05, but opened at $32.97. Direxion Daily MU Bull 2X ETF shares last traded at $32.35, with a volume of 6,673,987 shares traded.

Direxion Daily MU Bull 2X ETF Stock Down 1.1%

The company has a 50 day moving average of $30.63 and a 200 day moving average of $25.92.

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

A number of hedge funds have recently modified their holdings of MUU. UBS Group AG purchased a new stake in Direxion Daily MU Bull 2X ETF during the 4th quarter valued at about $10,100,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth approximately $716,000. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the third quarter valued at approximately $840,000. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter worth approximately $1,533,000. Finally, Client First Investment Management LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the fourth quarter worth approximately $883,000.

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.