Direxion Daily MU Bull 2X ETF Target of Unusually Large Options Trading (NASDAQ:MUU)

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) was the target of unusually large options trading activity on Monday. Stock investors purchased 13,878 call options on the company. This represents an increase of 10% compared to the average volume of 12,586 call options.

Direxion Daily MU Bull 2X ETF Trading Up 3.9%

NASDAQ:MUU traded up $1.31 during trading hours on Monday, hitting $35.03. The company’s stock had a trading volume of 17,924,871 shares, compared to its average volume of 49,162,488. Direxion Daily MU Bull 2X ETF has a 52-week low of $1.77 and a 52-week high of $62.64. The business’s 50-day moving average is $29.96 and its two-hundred day moving average is $26.74.

Institutional Inflows and Outflows

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