Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – What’s Next?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $21.28, but opened at $22.55. Direxion Daily MU Bull 2X ETF shares last traded at $22.6590, with a volume of 6,117,922 shares.

Direxion Daily MU Bull 2X ETF Stock Performance

The company has a 50 day moving average price of $30.97 and a 200-day moving average price of $24.53.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUU. Hoey Investments Inc. grew its position 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 valued at $3,672,000 after purchasing an additional 98,167 shares during the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the 3rd quarter worth $545,000. Intrua Financial LLC grew its stake 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 valued at $858,000 after purchasing an additional 22,800 shares during the period. MGO One Seven LLC grew 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 valued at $3,029,000 after buying an additional 78,201 shares during the period. Finally, Dedeker Financial LLC increased its stake 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 worth $4,092,000 after purchasing an additional 105,620 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.