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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $23.25, but opened at $22.21. Direxion Daily MSFT Bull 2X Shares shares last traded at $22.62, with a volume of 2,093,254 shares traded.

Direxion Daily MSFT Bull 2X Shares Price Performance

The company has a market cap of $913.45 million, a PE ratio of 42.77 and a beta of 2.03. The company’s 50 day simple moving average is $26.42 and its two-hundred day simple moving average is $29.28.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1438 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 23rd.

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

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in Direxion Daily MSFT Bull 2X Shares by 31.9% during the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $2,043,000 after purchasing an additional 9,945 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $927,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth about $819,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter worth approximately $717,000. Finally, Group One Trading LLC increased its stake in shares of 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.

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.