Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Up 1.1% - Time to Buy?

Key Points

• The Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) increased by 1.1% during mid-day trading, closing at $52.10.
• The stock has shown significant backing from institutional investors, with Jane Street Group LLC increasing its stake by 31.9% in the second quarter.
• MSFU is an exchange-traded fund providing 1.5x leveraged exposure to Microsoft's daily price movement, and it was launched on September 7, 2022.

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - ) shot up 1.1% during mid-day trading on Tuesday . The stock traded as high as $52.16 and last traded at $52.10. 493,143 shares changed hands during trading, a decline of 10% from the average session volume of 546,412 shares. The stock had previously closed at $51.53.

Direxion Daily MSFT Bull 2X Shares Price Performance

The stock has a 50-day simple moving average of $51.81 and a 200-day simple moving average of $44.08. The stock has a market cap of $132.86 million, a PE ratio of 42.77 and a beta of -2.33.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% during the second quarter. Jane Street Group LLC now owns 41,129 shares of the company's stock valued at $2,043,000 after acquiring an additional 9,945 shares in the last quarter. Simplex Trading LLC grew its stake in Direxion Daily MSFT Bull 2X Shares by 133.0% during the 1st quarter. Simplex Trading LLC now owns 13,030 shares of the company's stock valued at $388,000 after purchasing an additional 7,437 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at approximately $634,000. SBI Securities Co. Ltd. increased its holdings in Direxion Daily MSFT Bull 2X Shares by 34.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,110 shares of the company's stock worth $272,000 after purchasing an additional 2,351 shares during the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at approximately $242,000.

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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