Direxion Daily MSFT Bull 2X ETF Sees Unusually High Options Volume (NASDAQ:MSFU)

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) was the target of some unusual options trading on Wednesday. Stock traders bought 6,614 put options on the company. This is an increase of approximately 74% compared to the average volume of 3,802 put options.

Direxion Daily MSFT Bull 2X ETF Stock Down 4.8%

NASDAQ MSFU opened at $39.65 on Thursday. The stock’s 50-day simple moving average is $40.11 and its two-hundred day simple moving average is $31.37. Direxion Daily MSFT Bull 2X ETF has a twelve month low of $19.47 and a twelve month high of $50.39. The company has a market capitalization of $324.34 million, a price-to-earnings ratio of 42.77 and a beta of 1.88.

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

Several institutional investors have recently modified their holdings of MSFU. PayPay Securities Corp boosted its stake in Direxion Daily MSFT Bull 2X ETF by 58.4% in the second quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock worth $30,000 after buying an additional 506 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of Direxion Daily MSFT Bull 2X ETF by 147.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock worth $39,000 after acquiring an additional 1,000 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily MSFT Bull 2X ETF in the 3rd quarter worth approximately $67,000. Silver Oak Securities Incorporated purchased a new stake in shares of Direxion Daily MSFT Bull 2X ETF in the 3rd quarter valued at $206,000. Finally, Parallel Advisors LLC boosted its stake in shares of Direxion Daily MSFT Bull 2X ETF by 296.5% in the 1st quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock valued at $157,000 after purchasing an additional 5,115 shares in the last quarter.

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.