Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Up 4.4% – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) traded up 4.4% on Friday . The stock 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 session volume of 5,923,650 shares. The stock had previously closed at $38.90.

Direxion Daily MSFT Bull 2X Shares Price Performance

The firm has a market capitalization of $1.25 billion, a PE ratio of 42.77 and a beta of 1.89. The business has a 50-day simple moving average of $29.28 and a 200-day simple moving average of $27.89.

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 issued a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its position in Direxion Daily MSFT Bull 2X Shares by 31.9% during the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after acquiring an additional 9,945 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 about $927,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $819,000. Turner Financial Group Inc. bought a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at about $333,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Direxion Daily MSFT Bull 2X Shares during the 3rd quarter valued at about $717,000.

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.