The Direxion Daily MSFT Bull 1.5X Shares, trading under the ticker MSFU, seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Microsoft Corporation (NASDAQ: MSFT). The Direxion Daily MSFT Bear 1X Shares, trading under the ticker MSFD, seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Microsoft Corporation.