Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Unusually-High Trading Volume – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares saw unusually-strong trading volume on Friday . Approximately 6,403,864 shares changed hands during trading, an increase of 25% from the previous session’s volume of 5,130,857 shares.The stock last traded at $31.52 and had previously closed at $29.92.

Direxion Daily MSFT Bull 2X Shares Price Performance

The firm has a market cap of $952.78 million, a PE ratio of 42.77 and a beta of 1.85. The stock has a 50-day moving average price of $26.80 and a 200 day moving average price of $33.42.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.1301 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the first 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 period. Parallel Advisors LLC boosted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% in the 4th 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 last quarter. Group One Trading LLC grew 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 valued at $125,000 after buying an additional 384 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at $132,000. Finally, StoneX Group Inc. purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at $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.