Direxion Daily MSFT Bull 2X Shares

Frequently Asked Questions About MSFU

What does MSFU invest in?

Direxion Shares ETF Trust - Direxion Daily MSFT Bull 2X ETF is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across software, services, devices, and solutions sectors. It uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. Direxion Shares ETF Trust - Direxion Daily MSFT Bull 2X ETF was formed on September 7, 2022 and is domiciled in the United States.

What is the expense ratio of MSFU?

Direxion Daily MSFT Bull 2X Shares (MSFU) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.

Is MSFU a good long-term hold?

MSFU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does MSFU's daily reset work?

MSFU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is MSFU?

Direxion Daily MSFT Bull 2X Shares (MSFU) manages $589.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MSFU actively managed or an index fund?

MSFU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.