Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – Still a Buy?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $33.72, but opened at $35.65. Direxion Daily MU Bull 2X ETF shares last traded at $35.3330, with a volume of 8,803,228 shares trading hands.

Direxion Daily MU Bull 2X ETF Trading Up 9.4%

The business’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $27.15.

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

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