Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Up 1.9% – Here’s Why

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares shot up 1.9% during mid-day trading on Monday . The stock traded as high as $41.49 and last traded at $40.60. 395,315 shares traded hands during trading, an increase of 2% from the average session volume of 386,639 shares. The stock had previously closed at $39.83.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock’s fifty day moving average is $42.01 and its two-hundred day moving average is $42.92. The firm has a market cap of $140.07 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 declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.4026 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

A hedge fund recently bought a new stake in Direxion Daily MSFT Bull 2X Shares stock. Flow Traders U.S. LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,966 shares of the company’s stock, valued at approximately $1,191,000. Flow Traders U.S. LLC owned approximately 0.88% of Direxion Daily MSFT Bull 2X Shares as of its most recent SEC filing.

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.