Direxion Daily MU Bull 2X ETF
MUU
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Douglas Yones
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Oct 10, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily MU Bull 2X Shares (MUU) is a leveraged exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 200% of the performance of the common stock of Micron Technology, Inc. (NASDAQ: MU). The fund employs a strategy utilizing financial instruments including swap agreements, securities of Micron Technology, and ETFs to achieve its leveraged exposure; it invests at least 80% of its net assets in instruments providing this 2x daily long exposure to MU stock. Direxion Shares ETF Trust, headquartered in Rye Brook, New York and established in 1997 as part of Direxion Investments, a brand under Rafferty Asset Management, LLC, issues the fund as one of its single-stock leveraged and inverse ETF product line targeting sophisticated traders and investors seeking amplified short-term returns tied to individual equities. The ETF operates primarily in the United States across major stock exchanges, with assets under management focused on the semiconductor memory industry through its benchmark linkage to Micron Technology, a global leader in DRAM, NAND flash, and storage solutions. Recent developments include the launch of Direxion's expanded suite of Daily Leveraged Single-Stock ETFs in August 2022, which introduced MUU alongside paired bear products like Direxion Daily MU Bear 1X Shares, enhancing retail access to leveraged single-stock strategies amid rising interest in semiconductor sector volatility; no major acquisitions, funding rounds, or reorganizations have been reported for the issuer in the last two years.[ from prior context][company website context]