Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 6.1% – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares traded down 6.1% during trading on Monday . The stock traded as low as $35.16 and last traded at $35.16. Approximately 2,056,452 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 6,105,925 shares. The stock had previously closed at $37.45.

Direxion Daily MSFT Bull 2X Shares Stock Down 6.4%

The stock has a fifty day moving average of $26.93 and a two-hundred day moving average of $27.54. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. boosted its stake 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 acquiring an additional 1,000 shares in the last quarter. Parallel Advisors LLC increased its stake in 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 valued at $72,000 after purchasing an additional 1,080 shares in the last quarter. Group One Trading LLC raised its holdings in Direxion Daily MSFT Bull 2X Shares by 14.6% during the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after purchasing an additional 384 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth $132,000. Finally, StoneX Group Inc. purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth $207,000.

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.