Direxion Daily MSFT Bull 2X Shares Sees Unusually High Options Volume (NASDAQ:MSFU)

Key Points

• Traders bought 4,014 call options on MSFU on Tuesday, an approximate 106% increase versus the typical volume of 1,951 calls, indicating unusually high bullish options activity.
• MSFU shares jumped 4.8% to $25.88 on Tuesday with trading volume of 7.46 million versus an average of 3.81 million, and the leveraged ETF has a market cap of about $686M and a 52‑week range of $21.34–$61.16.
• Several institutions either raised or initiated positions (Parallel Advisors +167.4% to 1,725 shares; Group One Trading +14.6%; new stakes from Safe Harbor, StoneX and Flow Traders), and the fund paid a quarterly dividend of $0.1301 (annualized $0.52, ~2.0% yield).

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - ) saw some unusual options trading on Tuesday. Traders bought 4,014 call options on the company. This represents an increase of approximately 106% compared to the typical volume of 1,951 call options.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company's stock worth $72,000 after acquiring an additional 1,080 shares during the period. Group One Trading LLC grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% during the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company's stock valued at $125,000 after acquiring an additional 384 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth $132,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth $207,000. Finally, Flow Traders U.S. LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter worth $207,000.

Direxion Daily MSFT Bull 2X Shares Stock Up 4.8%

NASDAQ:MSFU traded up $1.18 on Tuesday, hitting $25.88. The stock had a trading volume of 7,461,005 shares, compared to its average volume of 3,808,615. The stock has a market cap of $686.34 million, a price-to-earnings ratio of 42.77 and a beta of 1.82. The business's 50-day simple moving average is $26.10 and its two-hundred day simple moving average is $38.46. Direxion Daily MSFT Bull 2X Shares has a 52-week low of $21.34 and a 52-week high of $61.16.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.1301 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, March 24th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.