Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $39.66 and traded as high as $40.41. Direxion Daily MSFT Bull 2X ETF shares last traded at $40.01, with a volume of 1,689,258 shares traded.

Direxion Daily MSFT Bull 2X ETF Stock Up 5.3%

The firm has a market cap of $407.30 million, a PE ratio of 42.77 and a beta of 1.90. The company’s fifty day moving average price is $39.66 and its two-hundred day moving average price is $31.19.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X ETF

A number of hedge funds have recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in Direxion Daily MSFT Bull 2X ETF in the third quarter valued at about $2,024,000. Genesee Capital Advisors LLC acquired a new position in Direxion Daily MSFT Bull 2X ETF during the 3rd quarter worth approximately $201,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily MSFT Bull 2X ETF during the 3rd quarter worth approximately $67,000. Bullseye Investment Management LLC acquired a new position in Direxion Daily MSFT Bull 2X ETF during the 2nd quarter worth approximately $158,000. Finally, PayPay Securities Corp increased its position in Direxion Daily MSFT Bull 2X ETF by 58.4% during the 2nd quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares during the period.

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.