Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading 7.4% Higher – Still a Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares traded up 7.4% during trading on Thursday . The company traded as high as $30.26 and last traded at $30.09. 5,566,460 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 5,067,271 shares. The stock had previously closed at $28.01.

Direxion Daily MSFT Bull 2X Shares Price Performance

The stock has a market capitalization of $982.77 million, a price-to-earnings ratio of 42.77 and a beta of 1.85. The business has a fifty day moving average of $26.94 and a 200 day moving average of $33.42.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 dividend on an annualized basis and a yield of 1.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. lifted its holdings in 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 valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after acquiring an additional 1,080 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily MSFT Bull 2X Shares by 14.6% during the fourth 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 acquired a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth $132,000. Finally, StoneX Group Inc. acquired a new position in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth $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.