Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 1.3% - Here's What Happened

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) rose 1.3% during mid-day trading on Monday . The company traded as high as $49.40 and last traded at $48.88. Approximately 505,917 shares changed hands during trading, a decline of 5% from the average daily volume of 534,033 shares. The stock had previously closed at $48.23.

Direxion Daily MSFT Bull 2X Shares Trading Up 3.3%

The stock has a 50 day moving average of $51.75 and a 200-day moving average of $42.54. The stock has a market capitalization of $130.08 million, a P/E ratio of 42.77 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a $0.3739 dividend. This is a boost from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.50 annualized dividend and a dividend yield of 2.9%.

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

Several large investors have recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $46,000. SBI Securities Co. Ltd. increased its stake in 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 buying an additional 2,351 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at approximately $242,000. Finally, Simplex Trading LLC grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% in the first quarter. Simplex Trading LLC now owns 13,030 shares of the company's stock valued at $388,000 after purchasing an additional 7,437 shares in the last quarter.

Direxion Daily MSFT Bull 2X Shares Company Profile

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.