Direxion Daily MU Bull 2X ETF

Frequently Asked Questions About MUU

What does MUU invest in?

The Direxion Daily MU Bull 2X ETF (MUU) is designed to achieve daily investment results equivalent to 200% (or two times) the performance of Micron Technology, Inc. (NASDAQ: MU) common shares. In parallel, the Direxion Daily MU Bear 1X ETF seeks to deliver daily returns that are 100% of the opposite movement of Micron's stock. Both of these objectives are calculated before the subtraction of any fees and expenses.

What is the expense ratio of MUU?

Direxion Daily MU Bull 2X ETF (MUU) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

Is MUU a good long-term hold?

MUU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does MUU's daily reset work?

MUU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is MUU?

Direxion Daily MU Bull 2X ETF (MUU) manages $2.71B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MUU actively managed or an index fund?

MUU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.