Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $39.66 and traded as high as $40.41. Direxion Daily MSFT Bull 2X ETF shares last traded at $40.01, with a volume of 1,689,258 shares.
Direxion Daily MSFT Bull 2X ETF Stock Performance
The stock has a market cap of $407.30 million, a price-to-earnings ratio of 42.77 and a beta of 1.90. The company has a 50-day moving average of $39.66 and a 200-day moving average of $31.19.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bull 2X ETF in the third quarter valued at approximately $2,024,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the first quarter worth $927,000. Turner Financial Group Inc. acquired a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the second quarter worth $333,000. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X ETF by 353.5% during the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after purchasing an additional 10,645 shares during the period. Finally, Genesee Capital Advisors LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the third quarter worth $201,000.
About Direxion Daily MSFT Bull 2X ETF
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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