MUU is trading 5.4% higher in pre-market action as the leveraged fund recovers from a sharp -26.28% decline, tracking a bounce in its underlying asset, Micron Technology (MU).
- The ETF is seeing tactical dip-buying following a brutal selloff in the AI and semiconductor sectors, bolstered by Micron’s after-hours strength.
- Market sentiment is improving ahead of Micron’s highly anticipated earnings report scheduled for release later today.
- Broader index futures are trading modestly higher, providing a supportive backdrop for the high-beta fund's recovery.