Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report)'s stock price were down 1.6% during trading on Thursday . The company traded as low as $53.14 and last traded at $53.79. Approximately 740,458 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 553,257 shares. The stock had previously closed at $54.68.
Direxion Daily MSFT Bull 2X Shares Stock Performance
The stock's 50-day simple moving average is $49.89 and its 200 day simple moving average is $40.30. The company has a market capitalization of $140.48 million, a PE ratio of 42.77 and a beta of -2.33.
Direxion Daily MSFT Bull 2X Shares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a $0.3739 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. SOA Wealth Advisors LLC. purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $46,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $242,000. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 34.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,110 shares of the company's stock valued at $272,000 after buying an additional 2,351 shares during the last quarter. Simplex Trading LLC grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% in the 1st quarter. Simplex Trading LLC now owns 13,030 shares of the company's stock valued at $388,000 after buying an additional 7,437 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at $930,000.
About Direxion Daily MSFT Bull 2X Shares
(
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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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