Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Down 4.4% – Here’s What Happened

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) fell 4.4% during mid-day trading on Wednesday . The company traded as low as $24.00 and last traded at $24.02. 1,612,393 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 5,519,441 shares. The stock had previously closed at $25.13.

Direxion Daily MSFT Bull 2X Shares Stock Down 4.1%

The business has a 50-day moving average price of $28.08 and a 200-day moving average price of $31.77. The firm has a market capitalization of $715.77 million, a PE ratio of 42.77 and a beta of 1.91.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.1301 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of large investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. grew its position 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 worth $39,000 after acquiring an additional 1,000 shares during the period. Parallel Advisors LLC grew its position 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 acquiring an additional 1,080 shares during the period. Group One Trading LLC grew its position 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 acquiring an additional 384 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth approximately $132,000. Finally, StoneX Group Inc. purchased a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth 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.