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

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped up prior to trading on Monday. The stock had previously closed at $24.34, but opened at $26.24. Direxion Daily MU Bull 2X ETF shares last traded at $25.9180, with a volume of 6,853,065 shares.

Direxion Daily MU Bull 2X ETF Trading Up 8.8%

The business has a fifty day moving average price of $32.12 and a 200-day moving average price of $30.33.

Institutional Trading of Direxion Daily MU Bull 2X ETF

A number of institutional investors have recently made changes to their positions in MUU. Silverleafe Capital Partners LLC bought a new position in Direxion Daily MU Bull 2X ETF during the third quarter valued at approximately $939,000. PFG Investments LLC purchased a new stake in Direxion Daily MU Bull 2X ETF in the first quarter worth approximately $482,000. Corient Private Wealth LP bought a new stake in Direxion Daily MU Bull 2X ETF in the 2nd quarter worth approximately $523,000. Optiver Holding B.V. bought a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter worth approximately $1,533,000. Finally, Vestor Capital LLC bought a new stake in Direxion Daily MU Bull 2X ETF in the 1st quarter worth approximately $315,000.

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.