Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 0.6% – Still a Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price rose 0.6% during trading on Thursday . The company traded as high as $28.41 and last traded at $27.63. Approximately 4,274,163 shares changed hands during trading, an increase of 35% from the average daily volume of 3,157,680 shares. The stock had previously closed at $27.47.

Direxion Daily MSFT Bull 2X Shares Stock Down 4.5%

The firm has a 50-day moving average price of $34.65 and a 200 day moving average price of $44.19. The firm has a market capitalization of $214.21 million, a PE ratio of 42.77 and a beta of 1.67.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $2.3002 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $9.20 annualized dividend and a yield of 34.9%. This is an increase from Direxion Daily MSFT Bull 2X Shares’s previous quarterly dividend of $0.19.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Large investors have recently modified their holdings of the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $242,000. StoneX Group Inc. purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $207,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at about $717,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $634,000. Finally, Jane Street Group LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% during the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $2,043,000 after buying an additional 9,945 shares during the period.

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.