Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Up 1% - Here's Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report) shares shot up 1% during mid-day trading on Thursday . The stock traded as high as $43.39 and last traded at $42.37. 396,991 shares traded hands during trading, a decline of 19% from the average session volume of 489,998 shares. The stock had previously closed at $41.93.

Direxion Daily MSFT Bull 2X Shares Stock Down 0.3%

The stock has a 50 day moving average of $34.31 and a 200 day moving average of $37.57. The firm has a market cap of $138.35 million, a price-to-earnings ratio of 37.67 and a beta of 1.44.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.2456 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PayPay Securities Corp bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at about $267,000. TRUE Private Wealth Advisors boosted its stake in Direxion Daily MSFT Bull 2X Shares by 7.5% in the fourth quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company's stock valued at $1,589,000 after buying an additional 2,793 shares in the last quarter. Optiver Holding B.V. grew its position in Direxion Daily MSFT Bull 2X Shares by 2,298.0% in the fourth quarter. Optiver Holding B.V. now owns 33,093 shares of the company's stock valued at $1,307,000 after acquiring an additional 31,713 shares during the last quarter. Finally, Simplex Trading LLC lifted its holdings 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 worth $388,000 after acquiring an additional 7,437 shares during the last quarter.

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.