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

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) gapped up before the market opened on Wednesday . The stock had previously closed at $22.09, but opened at $23.02. Direxion Daily MSFT Bull 2X Shares shares last traded at $22.38, with a volume of 3,523,474 shares traded.

Direxion Daily MSFT Bull 2X Shares Trading Up 2.7%

The stock’s 50-day moving average is $27.18 and its 200-day moving average is $29.93. The company has a market cap of $923.75 million, a price-to-earnings ratio of 42.77 and a beta of 2.04.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1438 dividend. This represents a $0.58 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFU. Jane Street Group LLC raised its stake in Direxion Daily MSFT Bull 2X Shares by 31.9% during the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $2,043,000 after buying an additional 9,945 shares during the period. Renaissance Technologies LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the first quarter valued at approximately $927,000. Virtu Financial LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $819,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter valued at approximately $717,000. Finally, Group One Trading LLC increased its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 353.5% during the first quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock valued at $314,000 after acquiring an additional 10,645 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.