Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Strong Trading Volume – Time to Buy?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw an uptick in trading volume on Friday . Approximately 3,527,066 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 5,642,445 shares.The stock last traded at $21.01 and had previously closed at $19.88.

Direxion Daily MSFT Bull 2X Shares Trading Up 9.3%

The firm has a market capitalization of $645.38 million, a P/E ratio of 42.77 and a beta of 1.91. The company has a 50-day moving average of $27.84 and a 200-day moving average of $30.66.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.1438 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 2.6%.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFU. SOA Wealth Advisors LLC. boosted 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 valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of 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 worth $72,000 after purchasing an additional 1,080 shares during the period. Group One Trading LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth approximately $137,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at $132,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the second 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.