Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Down – Here’s What Happened

Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped down prior to trading on Tuesday. The stock had previously closed at $25.80, but opened at $24.53. Direxion Daily MU Bull 2X ETF shares last traded at $25.8370, with a volume of 4,154,164 shares.

Direxion Daily MU Bull 2X ETF Stock Up 1.4%

The company has a 50 day simple moving average of $32.12 and a two-hundred day simple moving average of $30.47.

Hedge Funds Weigh In On Direxion Daily MU Bull 2X ETF

Several hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. purchased a new position in shares of Direxion Daily MU Bull 2X ETF in the first quarter worth $1,533,000. Renaissance Technologies LLC bought a new position in shares of Direxion Daily MU Bull 2X ETF during the first quarter worth $1,023,000. Silverleafe Capital Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the third quarter valued at $939,000. Spartan Wealth Advisory Services LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at $808,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X ETF during the first quarter valued at $658,000.

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.