The Direxion Daily MU Bull 2X ETF (MUU) is designed to achieve daily investment results equivalent to 200% (or two times) the performance of Micron Technology, Inc. (NASDAQ: MU) common shares. In parallel, the Direxion Daily MU Bear 1X ETF seeks to deliver daily returns that are 100% of the opposite movement of Micron's stock. Both of these objectives are calculated before the subtraction of any fees and expenses.