Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Reaches New 1-Year Low – What’s Next?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.29 and last traded at $21.33, with a volume of 5458313 shares traded. The stock had previously closed at $22.40.

Direxion Daily MSFT Bull 2X Shares Price Performance

The company has a 50 day moving average of $27.84 and a 200-day moving average of $30.66. The company has a market cap of $651.32 million, a P/E ratio of 42.77 and a beta of 1.91.

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Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.1438 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 2.6%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of MSFU. SOA Wealth Advisors LLC. lifted its position in Direxion Daily MSFT Bull 2X Shares by 147.3% during the first 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 during the last quarter. Parallel Advisors LLC increased its holdings in shares of 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 worth $72,000 after buying an additional 1,080 shares during the last quarter. Group One Trading LLC raised its position in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% during the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after buying an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at $132,000. Finally, StoneX Group Inc. bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth $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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