MSFU is trading 3.37% lower at $20.66 as Microsoft-sensitive exposure reacts to lingering valuation and rate concerns within the growth tech sector.
- The move reflects continued pressure on large-cap tech and AI names following a recent global semiconductor and AI rout.
- While strong earnings from Micron have provided some support to the broader AI space, MSFU remains weighed down by its concentrated 2x leveraged exposure to Microsoft.