MSFT - MSFU: For Less Risk-Averse Microsoft Shareholders Only

2024-06-30 11:00:09 ET

Summary

• Direxion Daily MSFT Bull 2X Shares ETF (MSFU) has performed well, delivering triple-digit total returns over the past seven quarters since inception.
• Leveraged ETFs like MSFU come with significant risks, including daily resets that can lead to volatility drag and erosion of net assets.
• Using momentum indicators like Relative Strength Index and On Balance Volume can help investors navigate entry and exit points for MSFU positions to maximize gains and mitigate risks.

The Direxion Daily MSFT Bull 2X Shares ETF ( MSFU ) is nearly identical to its sister fund, the Direxion Daily GOOGL Bull 2X Shares ETF ( GGLL ), which I covered in my last article. MSFU has performed really well over the past seven quarters since its inception, delivering a triple-digit total return during that time. The fund took its time settling in, and you can see how it struggled to deliver positive returns in the first two quarters of its existence....

For further details see: