Investors Purchase High Volume of Direxion Daily MSFT Bull 2X Shares Call Options (NASDAQ:MSFU)

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the target of unusually large options trading activity on Thursday. Stock investors purchased 9,931 call options on the stock. This is an increase of 62% compared to the typical daily volume of 6,125 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at approximately $207,000. StoneX Group Inc. bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth $207,000. Two Sigma Securities LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at $634,000. Harvest Fund Management Co. Ltd purchased a new position in Direxion Daily MSFT Bull 2X Shares during the third quarter worth about $717,000. Finally, Jane Street Group LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 1st quarter worth about $930,000.

Direxion Daily MSFT Bull 2X Shares Price Performance

Shares of NASDAQ:MSFU traded up $7.29 during trading on Thursday, reaching $31.40. 17,466,247 shares of the stock were exchanged, compared to its average volume of 6,105,888. The stock has a fifty day moving average of $25.36 and a two-hundred day moving average of $27.62. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 42.77 and a beta of 2.03. Direxion Daily MSFT Bull 2X Shares has a 1-year low of $19.47 and a 1-year high of $61.16.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.