Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Trading Up 10.3% – Should You Buy?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price shot up 10.3% during mid-day trading on Thursday . The stock traded as high as $31.85 and last traded at $31.1820. Approximately 8,112,947 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 49,408,004 shares. The stock had previously closed at $28.27.

Direxion Daily MU Bull 2X ETF Trading Up 10.4%

The stock’s 50 day moving average is $30.17 and its 200 day moving average is $26.42.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X ETF

Several hedge funds have recently modified their holdings of MUU. Corient Private Wealth LP bought a new position in Direxion Daily MU Bull 2X ETF during the second quarter valued at about $523,000. Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X ETF in the first quarter worth about $315,000. PFG Investments LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $482,000. Diversify Wealth Management LLC acquired a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter valued at about $658,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $808,000.

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.