Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Down – Time to Sell?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) gapped down prior to trading on Thursday . The stock had previously closed at $31.12, but opened at $29.23. Direxion Daily MSFT Bull 2X Shares shares last traded at $29.14, with a volume of 2,232,799 shares traded.

Direxion Daily MSFT Bull 2X Shares Stock Down 6.5%

The stock has a market cap of $858.16 million, a P/E ratio of 42.77 and a beta of 1.82. The business has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $37.44.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.1301 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.8%.

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

Hedge funds have recently made changes to their positions in the business. Group One Trading LLC lifted its position in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after buying an additional 384 shares in the last quarter. Parallel Advisors LLC boosted its stake in Direxion Daily MSFT Bull 2X Shares by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after buying an additional 1,080 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $132,000. Flow Traders U.S. LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at approximately $207,000. Finally, StoneX Group Inc. bought a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $207,000.

About Direxion Daily MSFT Bull 2X Shares

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.