Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Large Volume Increase - Should You Buy?

Key Points

• Trading volume jumped to 4,904,032 shares on Tuesday (a 30% increase from the prior session), with the stock last trading at $25.59 versus the previous close of $24.70.
• The fund paid a quarterly dividend of $0.1301 per share (ex‑dividend March 24, paid March 31), equal to a $0.52 annualized payout and a ~2.0% yield.
• MSFU is a Direxion leveraged ETF (providing roughly 1.5x exposure to Microsoft), has a $686.6M market cap, a 50‑day/200‑day moving average of $26.10/$38.46, and has seen several hedge funds increase or initiate positions recently.

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - ) shares saw strong trading volume on Tuesday . 4,904,032 shares traded hands during trading, an increase of 30% from the previous session's volume of 3,765,348 shares.The stock last traded at $25.59 and had previously closed at $24.70.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The company's 50 day moving average price is $26.10 and its 200 day moving average price is $38.46. The company has a market cap of $686.60 million, a price-to-earnings ratio of 42.77 and a beta of 1.82.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1301 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 annualized dividend and a dividend yield of 2.0%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Group One Trading LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% during the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company's stock worth $125,000 after purchasing an additional 384 shares during the last quarter. Parallel Advisors LLC boosted its holdings 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 buying an additional 1,080 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth $132,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $207,000. Finally, StoneX Group Inc. bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth $207,000.

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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