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 some unusual options trading activity on Wednesday. Investors purchased 6,614 put options on the company. This is an increase of approximately 74% compared to the average daily volume of 3,802 put options.

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

Several institutional investors and hedge funds have recently bought and sold shares of MSFU. PayPay Securities Corp grew its stake in shares of Direxion Daily MSFT Bull 2X ETF by 58.4% in the 2nd quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock valued at $30,000 after buying an additional 506 shares during the period. SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily MSFT Bull 2X ETF by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily MSFT Bull 2X ETF in the third quarter valued at approximately $67,000. Silver Oak Securities Incorporated acquired a new position in Direxion Daily MSFT Bull 2X ETF in the third quarter valued at approximately $206,000. Finally, Parallel Advisors LLC lifted its holdings in Direxion Daily MSFT Bull 2X ETF by 296.5% in the first quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock valued at $157,000 after acquiring an additional 5,115 shares during the last quarter.

Direxion Daily MSFT Bull 2X ETF Trading Down 4.5%

Direxion Daily MSFT Bull 2X ETF stock traded down $1.87 during midday trading on Wednesday, hitting $39.76. 1,655,789 shares of the stock were exchanged, compared to its average volume of 5,106,093. The stock’s 50-day simple moving average is $40.08 and its 200 day simple 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 capitalization of $374.94 million, a price-to-earnings ratio of 42.77 and a beta of 1.88.

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.