Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.44 and traded as low as $40.31. Direxion Daily MSFT Bull 2X Shares shares last traded at $41.10, with a volume of 312,906 shares trading hands.
Direxion Daily MSFT Bull 2X Shares Stock Performance
The company has a 50 day moving average price of $42.15 and a 200 day moving average price of $44.43. The company has a market capitalization of $131.85 million, a price-to-earnings ratio of 43.52 and a beta of -2.33.
Direxion Daily MSFT Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.3293 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.32 annualized dividend and a dividend yield of 3.08%.
Institutional Trading of Direxion Daily MSFT Bull 2X Shares
A number of hedge funds and other institutional investors have recently bought and sold shares of MSFU. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter worth approximately $240,000. Capital CS Group LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth $314,000. Hollencrest Capital Management purchased a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $50,000. Client First Investment Management LLC bought a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $291,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth $1,191,000.
Direxion Daily MSFT Bull 2X Shares Company Profile
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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.
Further Reading
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