Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 7.4% – Should You Buy?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report) traded up 7.4% on Thursday . The company traded as high as $30.26 and last traded at $30.09. 5,566,460 shares changed hands during trading, an increase of 10% from the average session volume of 5,067,271 shares. The stock had previously closed at $28.01.

Direxion Daily MSFT Bull 2X Shares Trading Up 6.5%

The stock has a fifty day moving average of $26.74 and a two-hundred day moving average of $33.55. The stock has a market capitalization of $885.65 million, a price-to-earnings ratio of 42.77 and a beta of 1.85.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1301 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. increased its holdings in Direxion Daily MSFT Bull 2X Shares by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC boosted its position in Direxion Daily MSFT Bull 2X Shares by 167.4% in the 4th 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. Group One Trading LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at $137,000. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at $132,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $207,000.

Direxion Daily MSFT Bull 2X Shares Company Profile

(Get Free Report)

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.

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