Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report)'s stock price were up 2.6% during mid-day trading on Wednesday . The stock traded as high as $51.45 and last traded at $50.77. Approximately 257,706 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 501,421 shares. The stock had previously closed at $49.47.
Direxion Daily MSFT Bull 2X Shares Trading Up 0.5%
The firm has a market capitalization of $129.31 million, a P/E ratio of 42.77 and a beta of -2.33. The firm has a 50 day moving average price of $45.08 and a 200-day moving average price of $38.47.
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 paid a $0.3739 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.95%. This is a positive change from Direxion Daily MSFT Bull 2X Shares's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, June 24th.
Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares
Institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 2,298.0% in the 4th quarter. Optiver Holding B.V. now owns 33,093 shares of the company's stock valued at $1,307,000 after purchasing an additional 31,713 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% during the 4th quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company's stock worth $1,589,000 after acquiring an additional 2,793 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $930,000. Simplex Trading LLC lifted its stake 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 acquiring an additional 7,437 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake 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 acquiring an additional 2,351 shares during the last quarter.
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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