On July 30, Direxion Daily MU Bull 2X Shares rose 14.62% in regular trading, trading at $23.91/share, with turnover of $539 million.

On the news front, the underlying asset Micron Technology rebounded strongly, with the broader storage sector rallying collectively. Western Digital gained nearly 5%, SanDisk rose over 6%, Seagate Technology climbed more than 4%, and SK Hynix advanced over 3%. The ETF had previously experienced steep declines over multiple consecutive trading sessions following renowned investor Michael Burry's disclosed expansion of short positions in Micron Technology and the Philadelphia Semiconductor ETF. Burry argued that chip giants' current demand is not driven by end customers but rather cycled through off-balance-sheet financing arrangements, raising concerns about semiconductor sector valuations.

As a 2x leveraged ETF, the product's structural characteristics amplified the magnitude of the underlying asset's rebound, resulting in intraday gains significantly exceeding those of the underlying 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.)