Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.46 and traded as low as $22.76. Direxion Daily MU Bull 2X ETF shares last traded at $24.08, with a volume of 24,325,328 shares.

Direxion Daily MU Bull 2X ETF Price Performance

The company’s 50-day moving average is $31.18 and its two-hundred day moving average is $24.46.

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

Hedge funds have recently made changes to their positions in the business. Dedeker Financial LLC grew its holdings in Direxion Daily MU Bull 2X ETF by 1,919.7% in the 3rd quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock worth $4,092,000 after buying an additional 105,620 shares in the last quarter. Hoey Investments Inc. increased its position in Direxion Daily MU Bull 2X ETF by 6,280.7% in the 3rd quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock valued at $3,672,000 after acquiring an additional 98,167 shares during the period. MGO One Seven LLC raised its stake 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 valued at $3,029,000 after acquiring an additional 78,201 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in Direxion Daily MU Bull 2X ETF during the 3rd quarter valued at $939,000. Finally, Intrua Financial LLC raised its stake in Direxion Daily MU Bull 2X ETF by 4,560.0% during the 3rd quarter. Intrua Financial LLC now owns 23,300 shares of the company’s stock valued at $858,000 after acquiring an additional 22,800 shares in the last quarter.

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.