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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $29.85, but opened at $27.87. Direxion Daily MSFT Bull 2X Shares shares last traded at $27.27, with a volume of 4,752,975 shares.

Direxion Daily MSFT Bull 2X Shares Price Performance

The firm has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $36.57. The firm has a market cap of $847.10 million, a P/E ratio of 42.77 and a beta of 1.82.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.1301 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 annualized dividend and a yield of 1.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock valued at $125,000 after purchasing an additional 384 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% in the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after purchasing an additional 9,945 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the third quarter valued at approximately $717,000. Two Sigma Securities LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at approximately $634,000. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at 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.