Investors Purchase Large Volume of Direxion Daily MSFT Bull 2X Shares Call Options (NASDAQ:MSFU)

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

Direxion Daily MSFT Bull 2X Shares Stock Performance

Direxion Daily MSFT Bull 2X Shares stock traded up $1.19 during mid-day trading on Thursday, reaching $29.38. 11,215,750 shares of the company were exchanged, compared to its average volume of 4,066,729. The firm has a market cap of $844.09 million, a PE ratio of 42.77 and a beta of 1.82. The firm’s 50-day simple moving average is $26.00 and its two-hundred day simple moving average is $38.22. Direxion Daily MSFT Bull 2X Shares has a twelve month low of $21.34 and a twelve month high of $61.16.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.1301 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in MSFU. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $930,000. Virtu Financial LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at about $819,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the third quarter valued at about $717,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at approximately $634,000. Finally, StoneX Group Inc. purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $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.