Renaissance Technologies LLC Makes New $927,000 Investment in Direxion Daily MSFT Bull 2X Shares $MSFU

Renaissance Technologies LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,300 shares of the company’s stock, valued at approximately $927,000.

A number of other hedge funds have also modified their holdings of the business. Parallel Advisors LLC increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock worth $72,000 after purchasing an additional 1,080 shares during the last quarter. Group One Trading LLC lifted its position in 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 valued at $125,000 after buying an additional 384 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at about $132,000. StoneX Group Inc. purchased a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $207,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000.

Direxion Daily MSFT Bull 2X Shares Price Performance

Shares of MSFU opened at $37.45 on Friday. The firm has a 50-day simple moving average of $26.93 and a two-hundred day simple moving average of $27.62. The stock has a market cap of $1.16 billion, a PE ratio of 42.77 and a beta of 1.89. Direxion Daily MSFT Bull 2X Shares has a 1-year low of $19.47 and a 1-year high of $58.89.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1438 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.5%.

Direxion Daily MSFT Bull 2X Shares Profile

(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.

Further Reading

Want to see what other hedge funds are holding MSFU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUFree Report).

Institutional Ownership by Quarter for Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)

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