Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading 6.4% Higher – What’s Next?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report) rose 6.4% during mid-day trading on Wednesday . The company traded as high as $24.99 and last traded at $24.93. 5,943,868 shares changed hands during trading, a decline of 0% from the average daily volume of 5,945,550 shares. The stock had previously closed at $23.43.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm has a fifty day moving average price of $26.12 and a 200 day moving average price of $28.69. The firm has a market capitalization of $974.98 million, a price-to-earnings ratio of 42.77 and a beta of 2.03.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.1438 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.58 annualized dividend and a yield of 2.3%.

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

Several institutional investors have recently made changes to their positions in MSFU. Jane Street Group LLC grew its stake in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% during the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $2,043,000 after purchasing an additional 9,945 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter valued at about $927,000. Virtu Financial LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $819,000. Harvest Fund Management Co. Ltd purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the third quarter worth about $717,000. Finally, Group One Trading LLC boosted its holdings in Direxion Daily MSFT Bull 2X Shares by 353.5% during the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after buying an additional 10,645 shares in the last quarter.

About Direxion Daily MSFT Bull 2X Shares

(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.

Recommended Stories

Receive News & Ratings for Direxion Daily MSFT Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily MSFT Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.