Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Large Volume Increase – Here’s What Happened

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw strong trading volume on Tuesday . 4,904,032 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 3,765,348 shares.The stock last traded at $25.59 and had previously closed at $24.70.

Direxion Daily MSFT Bull 2X Shares Price Performance

The company has a market capitalization of $809.90 million, a P/E ratio of 42.77 and a beta of 1.82. The firm has a fifty day moving average price of $26.00 and a 200-day moving average price of $38.22.

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 issued a $0.1301 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.8%.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

Several institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $819,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $132,000. 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. Group One Trading LLC grew 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 acquiring an additional 384 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of 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 in the last quarter.

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.