Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – What’s Next?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $33.09, but opened at $35.33. Direxion Daily MSFT Bull 2X Shares shares last traded at $35.14, with a volume of 6,018,736 shares changing hands.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock has a 50 day moving average of $26.94 and a 200 day moving average of $33.31. The stock has a market capitalization of $1.03 billion, a P/E ratio of 42.77 and a beta of 1.85.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.1301 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several hedge funds have recently bought and sold shares of MSFU. SOA Wealth Advisors LLC. lifted its position in Direxion Daily MSFT Bull 2X Shares by 147.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after purchasing an additional 1,080 shares during the period. Group One Trading LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after purchasing an additional 384 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $132,000. Finally, StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth 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.