Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Down 1.5% – Here’s What Happened

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) traded down 1.5% during trading on Thursday . The stock traded as low as $25.46 and last traded at $25.70. 3,460,927 shares were traded 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 Stock Down 1.5%

The company has a market cap of $208.68 million, a price-to-earnings ratio of 42.77 and a beta of 1.67. The company’s fifty day moving average price is $30.77 and its two-hundred day moving average price is $41.83.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Direxion Daily MSFT Bull 2X Shares by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock worth $72,000 after purchasing an additional 1,080 shares in the last quarter. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after purchasing an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at about $132,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $207,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000.

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.