Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU – Get Free Report) dropped 6.1% during mid-day trading on Monday . The stock traded as low as $35.16 and last traded at $35.16. Approximately 2,056,452 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 6,105,925 shares. The stock had previously closed at $37.45.
Direxion Daily MSFT Bull 2X Shares Stock Performance
The firm has a market capitalization of $1.10 billion, a P/E ratio of 42.77 and a beta of 1.89. The firm has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $27.47.
Direxion Daily MSFT Bull 2X Shares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.
Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares
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.
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