Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – What’s Next?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) gapped up before the market opened on Thursday . The stock had previously closed at $24.11, but opened at $29.80. Direxion Daily MSFT Bull 2X Shares shares last traded at $31.04, with a volume of 10,332,591 shares traded.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 42.77 and a beta of 2.03. The firm has a fifty day moving average price of $25.36 and a 200 day moving average price of $27.62.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 dividend on an annualized basis and a yield of 1.8%.

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

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% in the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after purchasing an additional 9,945 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $927,000. Virtu Financial LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $819,000. Harvest Fund Management Co. Ltd acquired a new position in Direxion Daily MSFT Bull 2X Shares during the third quarter worth about $717,000. Finally, Group One Trading LLC grew its position in Direxion Daily MSFT Bull 2X Shares by 353.5% during the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after buying an additional 10,645 shares during the period.

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.