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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $23.25, but opened at $22.21. Direxion Daily MSFT Bull 2X Shares shares last traded at $22.62, with a volume of 2,093,254 shares trading hands.

Direxion Daily MSFT Bull 2X Shares Price Performance

The stock has a fifty day simple moving average of $26.69 and a two-hundred day simple moving average of $29.45. The firm has a market capitalization of $894.64 million, a P/E ratio of 42.77 and a beta of 2.03.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently disclosed 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 2.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. grew its holdings 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 worth $39,000 after purchasing an additional 1,000 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter valued at about $927,000. Group One Trading LLC boosted its position in shares of Direxion Daily MSFT Bull 2X Shares by 353.5% during the 1st quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after purchasing an additional 10,645 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Direxion Daily MSFT Bull 2X Shares by 296.5% during the 1st quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock worth $157,000 after purchasing an additional 5,115 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $819,000.

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.