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

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) dropped 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 changed hands during trading, a decline of 55% from the average session volume of 5,352,359 shares. The stock had previously closed at $43.27.

Direxion Daily MSFT Bull 2X ETF Stock Down 4.0%

The business’s fifty day moving average is $38.64 and its 200 day moving average is $30.96. The stock has a market cap of $518.67 million, a PE ratio of 42.77 and a beta of 1.90.

Institutional Inflows and Outflows

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

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.