Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU – Get Free Report)’s stock price traded up 5.3% on Friday. The company traded as high as $39.88 and last traded at $39.0610. Approximately 2,085,757 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 5,557,449 shares. The stock had previously closed at $37.11.
Direxion Daily MSFT Bull 2X ETF Stock Performance
The firm’s 50 day moving average is $34.83 and its 200 day moving average is $29.24. The stock has a market cap of $545.64 million, a P/E ratio of 42.77 and a beta of 1.91.
Institutional Trading of Direxion Daily MSFT Bull 2X ETF
A number of institutional investors have recently made changes to their positions in the business. Bullseye Investment Management LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the second quarter valued at $158,000. PayPay Securities Corp lifted its position in Direxion Daily MSFT Bull 2X ETF by 58.4% during the 2nd quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock worth $30,000 after acquiring an additional 506 shares during the period. Turner Financial Group Inc. purchased a new stake in Direxion Daily MSFT Bull 2X ETF during the 2nd quarter valued at about $333,000. SOA Wealth Advisors LLC. grew its stake in Direxion Daily MSFT Bull 2X ETF by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X ETF in the first quarter valued at about $927,000.
Direxion Daily MSFT Bull 2X ETF 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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