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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report)’s stock price traded down 6.2% on Thursday . The company traded as low as $19.88 and last traded at $20.05. Approximately 5,436,951 shares changed hands during trading, a decline of 3% from the average daily volume of 5,606,314 shares. The stock had previously closed at $21.38.

Direxion Daily MSFT Bull 2X Shares Stock Down 5.8%

The company has a market cap of $597.86 million, a PE ratio of 42.77 and a beta of 1.91. The stock’s 50 day moving average is $27.96 and its 200-day moving average is $30.83.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.9%. 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at about $927,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter worth about $930,000. Virtu Financial LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at approximately $819,000. Harvest Fund Management Co. Ltd purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at $717,000. Finally, Two Sigma Securities LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $634,000.

About Direxion Daily MSFT Bull 2X Shares

(Get Free Report)

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.

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