Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 4.4% – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price were up 4.4% during mid-day trading on Friday . The company traded as high as $40.77 and last traded at $40.63. Approximately 3,189,776 shares traded hands during trading, a decline of 46% from the average session volume of 5,923,650 shares. The stock had previously closed at $38.90.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The company has a market cap of $1.26 billion, a P/E ratio of 42.77 and a beta of 1.89. The stock’s fifty day moving average price is $28.94 and its two-hundred day moving average price is $27.81.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 1.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MSFU. PayPay Securities Corp lifted its stake in Direxion Daily MSFT Bull 2X Shares by 58.4% in the 2nd quarter. PayPay Securities Corp now owns 1,372 shares of the company’s stock valued at $30,000 after purchasing an additional 506 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake 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 buying an additional 1,000 shares during the period. Parallel Advisors LLC lifted its position 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 worth $72,000 after purchasing an additional 1,080 shares during the period. Group One Trading LLC boosted its position in Direxion Daily MSFT Bull 2X Shares by 14.6% during 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 last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $132,000.

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.