Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) were down 1.6% on Thursday . The company traded as low as $53.14 and last traded at $53.79. Approximately 740,458 shares traded hands during 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 Trading Up 0.4%
The firm has a market capitalization of $137.70 million, a PE ratio of 42.77 and a beta of -2.33. The business has a fifty day moving average price of $49.69 and a two-hundred day moving average price of $40.25.
Direxion Daily MSFT Bull 2X Shares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.3739 per share. The ex-dividend date was Tuesday, June 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25.
Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares
A number of hedge funds have recently modified their holdings of the business. SOA Wealth Advisors LLC. purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $46,000. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 34.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,110 shares of the company's stock worth $272,000 after purchasing an additional 2,351 shares during the period. Simplex Trading LLC grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% during the 1st quarter. Simplex Trading LLC now owns 13,030 shares of the company's stock worth $388,000 after purchasing an additional 7,437 shares during the period. Jane Street Group LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth about $930,000. Finally, Optiver Holding B.V. lifted its stake in Direxion Daily MSFT Bull 2X Shares by 2,298.0% during the 4th quarter. Optiver Holding B.V. now owns 33,093 shares of the company's stock worth $1,307,000 after acquiring an additional 31,713 shares in the last quarter.
Direxion Daily MSFT Bull 2X Shares Company Profile
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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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