Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 6.2% – Here’s What Happened

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) were down 6.2% on Thursday . The stock traded as low as $19.88 and last traded at $20.05. Approximately 5,436,951 shares changed hands during trading, a decline of 3% from the average session volume of 5,606,314 shares. The stock had previously closed at $21.38.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The company has a 50 day simple moving average of $27.96 and a 200 day simple moving average of $30.83. The company has a market capitalization of $597.86 million, a PE ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.1438 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a yield of 2.9%.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Several large investors have recently modified their holdings of MSFU. SOA Wealth Advisors LLC. lifted its position in 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 last quarter. Parallel Advisors LLC increased its stake 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 during the period. Group One Trading LLC raised its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after purchasing an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $132,000. Finally, StoneX Group Inc. acquired a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $207,000.

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.