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Direxion Daily MU Bull 2X ETF (NASDAQ: MUU - Get Free Report) shares were down 7.6% on Friday. The stock traded as low as $25.01 and last traded at $25.4170. Approximately 5,756,680 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 47,012,516 shares. The stock had previously closed at
Micron Technology (MU) is rated Buy for a 12-month holding period, trading at 6.0x annualized guided earnings with strong contract coverage into fiscal 2027. Over 75% of MU's fiscal 2027 shipments are secured by contracts or allocations, with pricing floors and ceilings mitigating near-term downside from memory price volatility. CXMT's advances pose a credible supply threat from 2028, but current MU contracts shield most revenue until then; the recent selloff is seen as overblown.
The ETF ecosystem grows almost every day, with hundreds of new strategies and massive flows coming with each year that goes by. Thanks to the ETF wrapper's flexibility, issuers can craft and release targeted, transparent, and tax-efficient solutions for portfolios.
Direxion Daily MU Bull 2X ETF (NASDAQ: MUU - Get Free Report)'s share price gapped up before the market opened on Tuesday. The stock had previously closed at $35.91, but opened at $37.43. Direxion Daily MU Bull 2X ETF shares last traded at $37.1980, with a volume of 5,742,482 shares traded. Direxion Daily MU Bull 2X
Micron Technology (MU) reports earnings Wednesday. The company has had a massive year in 2026, up 237% in that time.
Moderna, Micron, Intel and AMD have powered huge gains in single-stock leveraged ETFs in 2026. Here are four standout areas.
Direxion Daily MU Bull 2X ETF targets twice Micron's daily return, but leverage, volatility, and daily resetting can produce very different longer-term results. Micron reports September 30 after guiding to $50 billion of revenue, an 86% gross margin and $31 of quarterly EPS. Micron's new agreements provide valuable price floors, but ceilings on existing products could limit shortage-driven upside across contracted volumes.
The Direxion Daily MU Bull 2X ETF is rated HOLD, pending a clear technical breakout in Micron Technology. MUU's extraordinary 2,510% one-year return is path-dependent and vulnerable to volatility drag during sideways or choppy markets. Micron's fundamentals remain robust, driven by HBM4 production, Nvidia's Vera Rubin ramp, and persistent memory shortages.
SEC filings for MUU aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.