Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 11% – Still a Buy?

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

Direxion Daily MSFT Bull 2X Shares Price Performance

The company’s 50-day simple moving average is $25.83 and its 200-day simple moving average is $27.48. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 42.77 and a beta of 1.88.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1438 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.5%.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its holdings 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 buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock worth $72,000 after buying an additional 1,080 shares in the last quarter. Group One Trading LLC boosted its position 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 acquiring an additional 384 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at about $132,000. Finally, StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at about $207,000.

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.