Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Down 6.2% – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares fell 6.2% on Thursday . The stock traded as low as $19.88 and last traded at $20.05. Approximately 5,436,951 shares traded hands during trading, a decline of 3% from the average session volume of 5,606,314 shares. The stock had previously closed at $21.38.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The company’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $30.60. The company has a market cap of $653.10 million, a PE ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 2.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC boosted its holdings in Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after purchasing an additional 384 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock worth $39,000 after buying 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% during the 4th quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock worth $72,000 after buying an additional 1,080 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position 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 position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $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.