Direxion Daily MU Bull 2X ETF (NASDAQ:MUU – Get Free Report)’s stock price was down 7.5% during mid-day trading on Thursday. The company traded as low as $27.39 and last traded at $27.7330. 9,081,079 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 46,028,773 shares. The stock had previously closed at $29.98.
Direxion Daily MU Bull 2X ETF Price Performance
The company has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $24.27.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MUU. Dedeker Financial LLC grew its position in shares of Direxion Daily MU Bull 2X ETF by 1,919.7% during the third quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock valued at $4,092,000 after purchasing an additional 105,620 shares in the last quarter. Hoey Investments Inc. lifted its stake in shares of Direxion Daily MU Bull 2X ETF by 6,280.7% during the third quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock worth $3,672,000 after buying an additional 98,167 shares during the period. MGO One Seven LLC raised its position in Direxion Daily MU Bull 2X ETF by 1,928.0% during the 3rd quarter. MGO One Seven LLC now owns 82,257 shares of the company’s stock worth $3,029,000 after buying an additional 78,201 shares during the last quarter. Optiver Holding B.V. purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at approximately $1,533,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at approximately $1,023,000.
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.
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