Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) Shares Gap Up – Time to Buy?
by Danessa Lincoln · The Markets DailyShares of Direxion Daily MU Bull 2X Shares (NASDAQ:MUU – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1,080.08, but opened at $1,200.00. Direxion Daily MU Bull 2X Shares shares last traded at $1,172.73, with a volume of 1,058,401 shares changing hands.
Direxion Daily MU Bull 2X Shares Trading Up 8.3%
The company has a 50-day moving average of $561.22 and a 200-day moving average of $296.19.
Hedge Funds Weigh In On Direxion Daily MU Bull 2X Shares
Several large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily MU Bull 2X Shares by 98.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,275 shares of the company’s stock worth $128,000 after acquiring an additional 631 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MU Bull 2X Shares in the first quarter valued at about $315,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily MU Bull 2X Shares by 95.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,644 shares of the company’s stock valued at $64,000 after purchasing an additional 1,289 shares in the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily MU Bull 2X Shares during the first quarter valued at about $482,000. Finally, Diversify Wealth Management LLC purchased a new position in Direxion Daily MU Bull 2X Shares during the first quarter worth about $658,000.
About Direxion Daily MU Bull 2X Shares
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.