Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) shares fell 1.5% during mid-day trading on Thursday . The company traded as low as $25.46 and last traded at $25.70. 3,460,927 shares changed hands during trading, an increase of 3% from the average session volume of 3,372,039 shares. The stock had previously closed at $26.08.
Direxion Daily MSFT Bull 2X Shares Trading Down 3.7%
The business’s fifty day moving average price is $30.45 and its 200 day moving average price is $41.65. The firm has a market capitalization of $201.05 million, a price-to-earnings ratio of 42.77 and a beta of 1.67.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in shares of 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 buying an additional 1,080 shares during the last quarter. Group One Trading LLC grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% during the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after buying an additional 384 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $132,000. StoneX Group Inc. acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $207,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at approximately $207,000.
About Direxion Daily MSFT Bull 2X Shares
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.
Further Reading
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