Renaissance Technologies LLC Takes Position in Direxion Daily MSFT Bull 2X Shares $MSFU

Key Points

• Renaissance Technologies acquired 40,300 shares of Direxion Daily MSFT Bull 2X Shares (MSFU), valued at approximately $927,000 and representing about 0.14% of the ETF.
• Several other institutional investors, including Jane Street Group, Flow Traders and Two Sigma Securities, also established new positions in MSFU during recent quarters.
• MSFU opened at $37.45, with a market capitalization of about $1.16 billion, and recently paid a quarterly dividend of $0.1438 per share, equivalent to an annualized yield of roughly 1.5%.

Renaissance Technologies LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,300 shares of the company's stock, valued at approximately $927,000. Renaissance Technologies LLC owned approximately 0.14% of Direxion Daily MSFT Bull 2X Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at about $930,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter worth approximately $207,000. Two Sigma Securities LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter worth approximately $634,000. Group One Trading LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth approximately $137,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth approximately $717,000.

Direxion Daily MSFT Bull 2X Shares Price Performance

MSFU stock opened at $37.45 on Friday. The business has a 50 day simple moving average of $26.93 and a 200-day simple moving average of $27.62. The firm has a market capitalization of $1.16 billion, a PE ratio of 42.77 and a beta of 1.89. Direxion Daily MSFT Bull 2X Shares has a 1 year low of $19.47 and a 1 year high of $58.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.1438 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a yield of 1.5%.

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.

Want to see what other hedge funds are holding MSFU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Free Report).

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