Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 7.4% – Should You Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares traded up 7.4% during trading on Thursday . The company traded as high as $30.26 and last traded at $30.09. 5,566,460 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 5,067,271 shares. The stock had previously closed at $28.01.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock has a market capitalization of $885.65 million, a P/E ratio of 42.77 and a beta of 1.85. The stock has a 50-day simple moving average of $26.74 and a 200 day simple moving average of $33.55.

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 given a $0.1301 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its position in Direxion Daily MSFT Bull 2X Shares by 147.3% in the 1st 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 boosted its position in 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 valued at $72,000 after buying an additional 1,080 shares during the last quarter. Group One Trading LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at $137,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth $132,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter worth $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.