Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Cross Below 200-Day Moving Average – Should You Sell?

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.46 and traded as low as $22.76. Direxion Daily MU Bull 2X ETF shares last traded at $24.08, with a volume of 24,325,328 shares trading hands.

Direxion Daily MU Bull 2X ETF Price Performance

The firm’s fifty 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 hedge funds and other institutional investors have recently made changes to their positions in MUU. Corient Private Wealth LP acquired a new stake in Direxion Daily MU Bull 2X ETF in the second quarter worth approximately $523,000. Vestor Capital LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $315,000. PFG Investments LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $482,000. Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at $658,000. Finally, Wealth Management Partners LLC bought a new stake in shares of Direxion Daily MU Bull 2X ETF in the 3rd quarter worth $212,000.

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.