Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) Shares Gap Up – Should You Buy?

Shares of Direxion Daily MU Bull 2X ETF (NASDAQ:MUU) gapped up prior to trading on Monday. The stock had previously closed at $24.34, but opened at $26.24. Direxion Daily MU Bull 2X ETF shares last traded at $25.9180, with a volume of 6,853,065 shares.

Direxion Daily MU Bull 2X ETF Stock Up 8.8%

The company has a fifty day moving average of $32.12 and a 200 day moving average of $30.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Silverleafe Capital Partners LLC purchased a new position in Direxion Daily MU Bull 2X ETF in the third quarter worth about $939,000. Corient Private Wealth LP bought a new stake in shares of Direxion Daily MU Bull 2X ETF during the 2nd quarter valued at about $523,000. Optiver Holding B.V. purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $1,533,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $315,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MU Bull 2X ETF during the 1st quarter valued at about $1,023,000.

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.