Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Strong Trading Volume – What’s Next?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw strong trading volume on Friday . 3,318,123 shares changed hands during trading, a decline of 32% from the previous session’s volume of 4,849,329 shares.The stock last traded at $28.26 and had previously closed at $27.56.

Direxion Daily MSFT Bull 2X Shares Stock Up 7.9%

The company has a market cap of $882.98 million, a PE ratio of 42.77 and a beta of 1.85. The business’s fifty day moving average is $26.58 and its 200-day moving average is $35.04.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.1301 per share. This represents a $0.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the first quarter worth about $930,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter valued at about $717,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter valued at about $634,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at about $207,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter valued at about $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.