Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – Should You Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $33.09, but opened at $35.33. Direxion Daily MSFT Bull 2X Shares shares last traded at $35.14, with a volume of 6,018,736 shares traded.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $33.21. The company has a market cap of $1.03 billion, a P/E ratio of 42.77 and a beta of 1.85.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.1301 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, March 24th.

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

Institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. increased its position 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 worth $39,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC increased its position in 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 in the last quarter. Group One Trading LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth approximately $137,000. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $132,000. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $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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