Flow Traders U.S. LLC Acquires New Position in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)

Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 26,966 shares of the company's stock, valued at approximately $1,191,000. Flow Traders U.S. LLC owned 0.88% of Direxion Daily MSFT Bull 2X Shares as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital CS Group LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth $314,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter worth about $291,000. Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter valued at approximately $240,000. Finally, Hollencrest Capital Management purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter valued at approximately $50,000.

Direxion Daily MSFT Bull 2X Shares Stock Performance

NASDAQ MSFU traded up $0.05 on Tuesday, hitting $43.41. The stock had a trading volume of 269,468 shares, compared to its average volume of 305,866. The firm has a 50-day moving average of $41.82 and a 200-day moving average of $44.35. Direxion Daily MSFT Bull 2X Shares has a 52-week low of $36.29 and a 52-week high of $54.39. The company has a market capitalization of $133.70 million, a price-to-earnings ratio of 43.52 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.3293 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 3.03%.

Direxion Daily MSFT Bull 2X Shares Company Profile

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.