Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU)’s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $40.11 and traded as low as $39.29. Direxion Daily MSFT Bull 2X ETF shares last traded at $39.65, with a volume of 2,227,460 shares traded.

Direxion Daily MSFT Bull 2X ETF Stock Performance

The stock has a market capitalization of $328.26 million, a P/E ratio of 42.77 and a beta of 1.88. The stock has a 50-day simple moving average of $40.17 and a 200 day simple moving average of $31.37.

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

Large investors have recently made changes to their positions in the company. PayPay Securities Corp boosted 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 purchasing an additional 506 shares during the last quarter. SOA Wealth Advisors LLC. grew 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 worth $39,000 after buying an additional 1,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the third quarter worth approximately $67,000. Silver Oak Securities Incorporated bought a new stake in shares of Direxion Daily MSFT Bull 2X ETF during the third quarter worth approximately $206,000. Finally, Parallel Advisors LLC raised its stake in shares of Direxion Daily MSFT Bull 2X ETF by 296.5% during the first quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock worth $157,000 after buying an additional 5,115 shares during the last quarter.

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.