Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 4.4% - Still a Buy?

Key Points

• MSFU rose 4.4% to $40.63 in Friday trading, reaching as high as $40.77, while volume fell 46% below its average. The ETF’s 50-day and 200-day moving averages were $28.94 and $27.81, respectively.
• The fund recently paid a quarterly dividend of $0.1438, equivalent to approximately $0.58 annually and a 1.4% yield.
• Several institutional investors initiated or increased positions in MSFU, while the fund provides leveraged daily exposure to Microsoft’s stock—described in the article as 1.5x exposure—making it higher-risk than a conventional Microsoft investment.

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - )'s stock price rose 4.4% during trading on Friday . The company traded as high as $40.77 and last traded at $40.63. 3,189,776 shares traded hands during trading, a decline of 46% from the average daily volume of 5,923,650 shares. The stock had previously closed at $38.90.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock's fifty day simple moving average is $28.94 and its 200-day simple moving average is $27.81. The stock has a market cap of $1.26 billion, a P/E ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in MSFU. Renaissance Technologies LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at $927,000. SOA Wealth Advisors LLC. grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company's stock worth $39,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 296.5% in the first quarter. Parallel Advisors LLC now owns 6,840 shares of the company's stock worth $157,000 after purchasing an additional 5,115 shares during the period. Group One Trading LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the third quarter worth $137,000. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth $207,000.

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.

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