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

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $25.80, but opened at $24.53. Direxion Daily MU Bull 2X ETF shares last traded at $25.8370, with a volume of 4,154,164 shares changing hands.

Direxion Daily MU Bull 2X ETF Price Performance

The stock’s 50-day simple moving average is $32.12 and its two-hundred day simple moving average is $30.47.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Corient Private Wealth LP bought a new stake in Direxion Daily MU Bull 2X ETF during the second quarter valued at about $523,000. Vestor Capital LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at about $315,000. PFG Investments LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at about $482,000. Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first 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 in the first quarter worth 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.