Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Down 1.5% - Here's Why

Key Points

• Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) were down 1.5%, closing at $25.70 after trading as low as $25.46, with about 3.46 million shares changing hands—roughly 3% above average volume.
• The fund trades well below its 50‑day ($30.77) and 200‑day ($41.83) moving averages and has a market capitalization of $208.7 million, a P/E of 42.77 and a beta of 1.67.
• MSFU, launched Sept. 7, 2022, provides 1.5x leveraged exposure to Microsoft’s daily price moves, and several institutions (including Virtu, Safe Harbor, StoneX, Group One and Parallel Advisors) added or increased positions in the fourth quarter.

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - ) dropped 1.5% on Thursday . The company traded as low as $25.46 and last traded at $25.70. Approximately 3,460,927 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 3,372,039 shares. The stock had previously closed at $26.08.

Direxion Daily MSFT Bull 2X Shares Price Performance

The business has a 50 day moving average of $30.77 and a 200 day moving average of $41.83. The firm has a market capitalization of $208.68 million, a price-to-earnings ratio of 42.77 and a beta of 1.67.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $819,000. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $132,000. StoneX Group Inc. acquired a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $207,000. Group One Trading LLC increased its stake in Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company's stock valued at $125,000 after purchasing an additional 384 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company's stock valued at $72,000 after purchasing an additional 1,080 shares in the last quarter.

Direxion Daily MSFT Bull 2X Shares Company Profile

The Direxion Daily MSFT Bull 1.5X Shares ETF (MSFU) is an exchange-traded fund that is based on the Microsoft Corporation index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFU was launched on Sep 7, 2022 and is managed by Direxion.

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