Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Strong Trading Volume – What’s Next?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw an uptick in trading volume on Friday . 3,318,123 shares were traded during trading, a decline of 32% from the previous session’s volume of 4,849,329 shares.The stock last traded at $28.26 and had previously closed at $27.56.

Direxion Daily MSFT Bull 2X Shares Trading Up 7.9%

The stock has a market cap of $882.98 million, a PE ratio of 42.77 and a beta of 1.85. The business has a 50-day moving average price of $26.58 and a 200-day moving average price of $35.04.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.1301 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFU. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at approximately $927,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at approximately $930,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter valued at approximately $819,000. Harvest Fund Management Co. Ltd acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at $717,000. Finally, Two Sigma Securities LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $634,000.

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.