Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 6.4% – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price were up 6.4% during trading on Wednesday . The company traded as high as $24.99 and last traded at $24.93. 5,943,868 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 5,945,550 shares. The stock had previously closed at $23.43.

Direxion Daily MSFT Bull 2X Shares Price Performance

The business’s 50 day simple moving average is $26.27 and its 200 day simple moving average is $28.93. The company has a market capitalization of $947.25 million, a price-to-earnings ratio of 42.77 and a beta of 2.03.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.3%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. StoneX Group Inc. purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $207,000. Group One Trading LLC boosted its stake in shares of 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 acquiring an additional 384 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at approximately $717,000. Two Sigma Securities LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth $634,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the second 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.