Stock Traders Buy High Volume of Call Options on Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) saw unusually large options trading on Wednesday. Stock investors purchased 22,201 call options on the company. This represents an increase of approximately 26% compared to the average volume of 17,650 call options.

Direxion Daily MU Bull 2X ETF Stock Up 7.8%

MUU traded up $2.75 during trading on Wednesday, hitting $37.89. The company’s stock had a trading volume of 26,741,033 shares, compared to its average volume of 47,792,852. Direxion Daily MU Bull 2X ETF has a twelve month low of $2.34 and a twelve month high of $62.64. The business’s fifty day simple moving average is $31.30 and its 200 day simple moving average is $29.07.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vestor Capital LLC acquired a new position in Direxion Daily MU Bull 2X ETF during the first quarter worth $315,000. PFG Investments LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF in the first quarter valued at about $482,000. Corient Private Wealth LP purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the second quarter worth about $523,000. Diversify Wealth Management LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth about $658,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter worth about $808,000.

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.