Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares saw unusually-high trading volume on Thursday . Approximately 3,123,656 shares traded hands during mid-day trading, a decline of 38% from the previous session’s volume of 5,036,992 shares.The stock last traded at $28.98 and had previously closed at $29.06.

Direxion Daily MSFT Bull 2X Shares Stock Down 0.8%

The company’s fifty day moving average is $26.63 and its 200 day moving average is $34.30. The stock has a market cap of $856.25 million, a PE ratio of 42.77 and a beta of 1.85.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.1301 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 annualized dividend and a yield of 1.8%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter valued at approximately $927,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter valued at approximately $930,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at approximately $819,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter valued at approximately $717,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter valued at approximately $634,000.

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.