On July 24, Direxion Daily MU Bull 2X Shares declined 7.77% in regular trading, trading at $33.95/share, with turnover of $193 million.

On the news front, the ETF's underlying asset Micron Technology faced renewed profit-taking pressure after surging in the prior session on Tesla CEO Elon Musk's confirmation that Micron had allocated a substantial volume of memory chips to Tesla on very reasonable terms, coupled with a violent rebound in Korean semiconductor stocks including SK Hynix rising over 8% and Samsung Electronics gaining 5.6%.

Additionally, conventional DRAM price increases have shown signs of deceleration, and broad profit-taking sentiment has spread across the semiconductor sector. Wedbush analysts noted that while Micron's fundamentals remain solid, upside potential at current price levels is limited, maintaining a neutral stance. As a 2x leveraged ETF, the product's structural characteristics further amplified the pullback magnitude in the underlying asset, resulting in a decline significantly exceeding that of the reference stock itself.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)