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

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 6,614 put options on the company. This represents an increase of 74% compared to the average volume of 3,802 put options.

Direxion Daily MSFT Bull 2X ETF Trading Down 4.5%

MSFU stock traded down $1.87 during mid-day trading on Wednesday, reaching $39.76. The company’s stock had a trading volume of 1,655,789 shares, compared to its average volume of 5,106,093. The company’s 50 day moving average is $40.08 and its two-hundred day moving average is $31.36. Direxion Daily MSFT Bull 2X ETF has a fifty-two week low of $19.47 and a fifty-two week high of $50.39. The stock has a market cap of $374.94 million, a PE ratio of 42.77 and a beta of 1.88.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. StoneX Group Inc. purchased a new position in Direxion Daily MSFT Bull 2X ETF during the third quarter worth approximately $2,024,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily MSFT Bull 2X ETF in the 1st quarter valued at $927,000. Turner Financial Group Inc. acquired a new stake in shares of Direxion Daily MSFT Bull 2X ETF in the 2nd quarter worth $333,000. Group One Trading LLC increased its stake in shares of Direxion Daily MSFT Bull 2X ETF by 353.5% in 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, Z3 Capital Partners LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X ETF in the 3rd quarter worth $233,000.

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.