Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Down 12.1% – Here’s Why

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU)’s share price was down 12.1% during trading on Monday . The stock traded as low as $26.77 and last traded at $27.6390. Approximately 9,256,491 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 49,954,281 shares. The stock had previously closed at $31.43.

Direxion Daily MU Bull 2X ETF Stock Performance

The firm has a 50-day moving average of $30.31 and a 200-day moving average of $26.29.

Institutional Inflows and Outflows

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