Direxion Daily MSFT Bull 2X Shares Sees Unusually High Options Volume (NASDAQ:MSFU)

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of unusually large options trading on Thursday. Traders purchased 9,931 call options on the company. This represents an increase of 62% compared to the typical volume of 6,125 call options.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. grew its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. Parallel Advisors LLC lifted its stake 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 worth $72,000 after purchasing 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% in 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 during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at about $132,000. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily MSFT Bull 2X Shares during the fourth quarter valued at about $207,000.

Direxion Daily MSFT Bull 2X Shares Trading Up 30.2%

Shares of Direxion Daily MSFT Bull 2X Shares stock opened at $31.38 on Friday. The firm has a market capitalization of $1.07 billion, a PE ratio of 42.77 and a beta of 2.03. Direxion Daily MSFT Bull 2X Shares has a 12 month low of $19.47 and a 12 month high of $61.16. The business’s 50-day moving average price is $25.41 and its 200-day moving average price is $27.55.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 annualized dividend and a yield of 1.8%.

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.