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Direxion Daily MU Bull 2X ETF MUU

$15.15+4.88%Live
Trade MUU
$5
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24h change +4.88%
24h volume $72K
Category Stocks

About Direxion Daily MU Bull 2X ETF (MUU)

trade.xyz deployed the Direxion Daily MU Bull 2X ETF perpetual on Hyperliquid through HIP-3, and you can trade it in the Nika app. It tracks the price of the Direxion Daily MU Bull 2X ETF (Nasdaq: MUU) in US dollars. The fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of Micron Technology, Inc. (Nasdaq: MU). It does not seek that objective for any period other than a single trading day. Because leverage resets every day, its returns over longer periods can differ a lot from twice the return of Micron.

A perpetual contract gives price exposure without owning the underlying asset. Maximum leverage for this market is 10x. This market uses isolated margin. Funding, margin, and liquidation rules apply.

FAQ: Direxion Daily MU Bull 2X ETF

What is Direxion Daily MU Bull 2X ETF?
The Direxion Daily MU Bull 2X ETF seeks daily investment results, before fees and expenses, of 200% of the daily performance of Micron Technology, Inc. (Nasdaq: MU). It does not seek that objective for any period other than a single trading day. On Nika, MUU is a trade.xyz perpetual on Hyperliquid that tracks the price of the Direxion Daily MU Bull 2X ETF (Nasdaq: MUU) in US dollars. It is a separate market from the Micron (MU) perpetual.
Why can MUU returns differ from twice Micron's return?
The fund resets its leverage every day. Over a period longer than one trading day, its return is the result of each day's compounded return, which will very likely differ from 200% of Micron's return for that period. Longer holding periods, higher volatility of Micron, and leverage increase the effect of compounding.
What does the 24-hour change show?
It compares the current MUU price with its price roughly 24 hours earlier on Hyperliquid.
What is the maximum leverage?
Hyperliquid currently lists this market with maximum leverage of 10x. Available leverage may change.

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