Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sets New 52-Week Low – What’s Next?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $21.29 and last traded at $21.33, with a volume of 5458313 shares changing hands. The stock had previously closed at $22.40.

Direxion Daily MSFT Bull 2X Shares Stock Down 4.8%

The business has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $30.99. The stock has a market cap of $633.50 million, a P/E ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently disclosed 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. This represents a $0.58 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the first quarter worth $930,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the second quarter valued at approximately $207,000. Two Sigma Securities LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at approximately $634,000. Group One Trading LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at $137,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter worth about $717,000.

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.