Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) Stock Price Down 4% – What’s Next?

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU)’s share price fell 4% during mid-day trading on Friday. The company traded as low as $40.84 and last traded at $41.56. 2,417,107 shares traded hands during trading, a decline of 55% from the average daily volume of 5,352,359 shares. The stock had previously closed at $43.27.

Direxion Daily MSFT Bull 2X ETF Stock Performance

The stock has a market cap of $500.80 million, a PE ratio of 42.77 and a beta of 1.90. The company’s 50-day moving average price is $38.64 and its 200 day moving average price is $30.96.

Institutional Trading of Direxion Daily MSFT Bull 2X ETF

Several large investors have recently added to or reduced their stakes in MSFU. Renaissance Technologies LLC purchased a new stake in Direxion Daily MSFT Bull 2X ETF during the first quarter valued at approximately $927,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X ETF during the 4th quarter worth $819,000. Turner Financial Group Inc. purchased a new position in shares of Direxion Daily MSFT Bull 2X ETF during the 2nd quarter worth $333,000. Group One Trading LLC boosted its stake in shares of Direxion Daily MSFT Bull 2X ETF by 353.5% during the 1st quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after acquiring an additional 10,645 shares during the last quarter. Finally, Bullseye Investment Management LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the 2nd quarter valued at $158,000.

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.