Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – Should You Buy?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) gapped up before the market opened on Wednesday . The stock had previously closed at $22.09, but opened at $23.02. Direxion Daily MSFT Bull 2X Shares shares last traded at $22.38, with a volume of 3,523,474 shares trading hands.

Direxion Daily MSFT Bull 2X Shares Trading Up 7.7%

The business’s 50 day moving average is $27.41 and its two-hundred day moving average is $30.18. The company has a market cap of $706.56 million, a PE ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, June 23rd.

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

Large investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. boosted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the first 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 during the period. Parallel Advisors LLC raised its stake in 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 valued at $72,000 after purchasing an additional 1,080 shares during the period. Group One Trading LLC lifted its holdings in Direxion Daily MSFT Bull 2X Shares by 14.6% in the 4th quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after purchasing an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth approximately $132,000. Finally, StoneX Group Inc. purchased a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter worth approximately $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.