Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Down 7.5% – Time to Sell?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) were 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 trading, a decline of 80% from the average session volume of 46,028,773 shares. The stock had previously closed at $29.98.

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 Trading of Direxion Daily MU Bull 2X ETF

A number of institutional investors and hedge funds have recently modified their holdings of MUU. Dedeker Financial LLC boosted its holdings in shares of 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 valued at $4,092,000 after buying an additional 105,620 shares during the last quarter. Hoey Investments Inc. increased its stake in Direxion Daily MU Bull 2X ETF by 6,280.7% during the 3rd quarter. Hoey Investments Inc. now owns 99,730 shares of the company’s stock worth $3,672,000 after acquiring an additional 98,167 shares during the period. MGO One Seven LLC lifted its position in Direxion Daily MU Bull 2X ETF by 1,928.0% during the third quarter. MGO One Seven LLC now owns 82,257 shares of the company’s stock worth $3,029,000 after purchasing an additional 78,201 shares during the period. Silverleafe Capital Partners LLC acquired a new stake in shares of Direxion Daily MU Bull 2X ETF during the 3rd quarter worth approximately $939,000. Finally, Intrua Financial LLC raised its holdings in shares of 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 worth $858,000 after buying an additional 22,800 shares in the last quarter.

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.