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The Direxion Daily MU Bear 1X Shares seek daily investment results, before fees and expenses, of 100% of the inverse (or opposite), of the performance of the common shares of Micron Technology, Inc. (NASDAQ: MU). Micron Technology, Inc. is a semiconductor company that produces computer memory and computer data storage, including dynamic random-access memory, flash memory, and USB flash drives. The fund invests in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to MU, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in MU that is equal, on a daily basis, to -100% of the value of the Fund's net assets. The Adviser attempts to consistently apply leverage to obtain short MU exposure for the Fund equal to -100% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure.
Direxion Daily Mu Bear 1X trades on the NASDAQ stock market under the symbol MUD.
As of February 3, 2026, MUD stock price climbed to $3.79 with 25,406,656 million shares trading.
MUD has a beta of -2.42, meaning it tends to be less sensitive to market movements. MUD has a correlation of 0.42 to the broad based SPY ETF.
MUD has a market cap of $68.88 million. This is considered a Micro Cap stock.
MUD has underperformed the market in the last year with a price return of -83.0% while the SPY ETF gained +15.8%. MUD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -52.4% and -15.0%, respectively, while the SPY returned +1.4% and -0.3%, respectively.
MUD support price is $3.48 and resistance is $3.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUD shares will trade within this expected range on the day.
