Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading 11% Higher – Should You Buy?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) were up 11% during mid-day trading on Monday . The stock traded as high as $36.94 and last traded at $36.88. Approximately 3,591,617 shares traded hands during trading, a decline of 42% from the average session volume of 6,165,187 shares. The stock had previously closed at $33.23.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock’s 50 day moving average price is $25.50 and its 200-day moving average price is $27.50. The company has a market cap of $1.16 billion, a PE ratio of 42.77 and a beta of 2.03.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a yield of 1.6%. 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 the company. SOA Wealth Advisors LLC. grew its stake in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the first 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 during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $927,000. Group One Trading LLC raised its holdings in Direxion Daily MSFT Bull 2X Shares by 353.5% in the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after purchasing an additional 10,645 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 296.5% in the 1st quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock worth $157,000 after acquiring an additional 5,115 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $819,000.

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.