Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Stock Price Up 14.5% – Should You Buy?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) shares were up 14.5% on Friday. The company traded as high as $15.09 and last traded at $14.4480. 16,824,090 shares traded hands during trading, a decline of 63% from the average daily volume of 45,716,152 shares. The stock had previously closed at $12.62.

Direxion Daily MU Bull 2X ETF Price Performance

The firm has a 50-day moving average of $30.32 and a 200-day moving average of $24.69.

Institutional Trading of Direxion Daily MU Bull 2X ETF

Large investors have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new position in Direxion Daily MU Bull 2X ETF in the 3rd quarter worth approximately $939,000. Hoey Investments Inc. raised 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 worth $3,672,000 after buying an additional 98,167 shares during the last quarter. Dedeker Financial LLC raised its position in Direxion Daily MU Bull 2X ETF by 1,919.7% during the 3rd quarter. Dedeker Financial LLC now owns 111,122 shares of the company’s stock worth $4,092,000 after buying an additional 105,620 shares during the last quarter. MGO One Seven LLC lifted its stake in Direxion Daily MU Bull 2X ETF by 1,928.0% during the 3rd quarter. MGO One Seven LLC now owns 82,257 shares of the company’s stock valued at $3,029,000 after acquiring an additional 78,201 shares during the period. Finally, Intrua Financial LLC lifted its stake in 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 acquiring an additional 22,800 shares during the period.

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.