Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report)'s stock price traded down 1.8% during trading on Friday . The stock traded as low as $45.47 and last traded at $45.87. 344,224 shares traded hands during trading, a decline of 31% from the average session volume of 499,009 shares. The stock had previously closed at $46.70.
Direxion Daily MSFT Bull 2X Shares Stock Performance
The firm has a market cap of $205.64 million, a price-to-earnings ratio of 37.67 and a beta of -2.33. The business has a fifty day moving average of $38.64 and a two-hundred day moving average of $37.93.
Direxion Daily MSFT Bull 2X Shares Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.2456 dividend. This represents a $0.98 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, March 25th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at about $267,000. 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 during the last quarter. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $930,000. Optiver Holding B.V. raised its position in shares of 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 purchasing an additional 31,713 shares during the last quarter. Finally, TRUE Private Wealth Advisors lifted its stake in Direxion Daily MSFT Bull 2X Shares by 7.5% in the 4th 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.
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.
See Also
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