Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – Should You Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $22.09, but opened at $23.02. Direxion Daily MSFT Bull 2X Shares shares last traded at $22.38, with a volume of 3,523,474 shares changing hands.

Direxion Daily MSFT Bull 2X Shares Stock Up 7.7%

The firm’s fifty day moving average price is $27.41 and its 200 day moving average price is $30.18. The stock has a market cap of $706.56 million, a PE ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. grew its position in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% during 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 in the last quarter. Parallel Advisors LLC lifted its position 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 worth $72,000 after buying an additional 1,080 shares in the last quarter. Group One Trading LLC lifted 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 worth $125,000 after buying an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $132,000. Finally, StoneX Group Inc. bought a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $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.