Direxion Daily MU Bull 2X Shares is trading 5.1% down in after-hours trading, extending a sharp reversal that began during the June 9 regular session.
- The decline follows profit-taking and renewed weakness in Micron Technology and the broader semiconductor/AI complex after an extreme multi-day rally.
- As a 2x leveraged fund, the downside move is being amplified by daily rebalancing mechanics following the underlying stock's volatility.