Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Up 0.6% – Should You Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares were up 0.6% during mid-day trading on Thursday . The company traded as high as $28.41 and last traded at $27.63. Approximately 4,274,163 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 3,157,680 shares. The stock had previously closed at $27.47.

Direxion Daily MSFT Bull 2X Shares Stock Up 0.6%

The company has a market cap of $224.36 million, a price-to-earnings ratio of 42.77 and a beta of 1.67. The business’s fifty day simple moving average is $34.97 and its two-hundred day simple moving average is $44.38.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a $2.3002 dividend. This is a boost from Direxion Daily MSFT Bull 2X Shares’s previous quarterly dividend of $0.19. This represents a $9.20 annualized dividend and a yield of 33.3%. The ex-dividend date was Wednesday, December 10th.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in MSFU. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the second quarter valued at approximately $242,000. Virtu Financial LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth $819,000. Group One Trading LLC boosted its stake in 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 worth $125,000 after purchasing an additional 384 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the second quarter valued at $207,000. Finally, Jane Street Group LLC raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% in the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after buying an additional 9,945 shares during the last quarter.

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.