Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 6.1% – Time to Sell?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet 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

A number of hedge funds and other institutional investors have recently modified their holdings of MSFU. Group One Trading LLC raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% during the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after acquiring an additional 384 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily MSFT Bull 2X Shares by 147.3% in 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 during the period. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 1,080 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $132,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $207,000.

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.

Further Reading

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