Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading 3.1% Higher – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price traded up 3.1% on Monday . The company traded as high as $55.01 and last traded at $54.43. 742,331 shares were traded during mid-day trading, an increase of 37% from the average session volume of 540,501 shares. The stock had previously closed at $52.81.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm has a 50-day moving average of $51.15 and a 200-day moving average of $47.01. The firm has a market capitalization of $198.67 million, a P/E ratio of 42.77 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $634,000. Jane Street Group LLC raised 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 during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth about $242,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth about $46,000.

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.