Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 0.3% – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock price dropped 0.3% during trading on Tuesday . The stock traded as low as $40.98 and last traded at $41.66. Approximately 498,143 shares were traded during trading, an increase of 88% from the average daily volume of 264,866 shares. The stock had previously closed at $41.78.

Direxion Daily MSFT Bull 2X Shares Stock Down 0.3 %

The stock has a market capitalization of $107.48 million, a PE ratio of 43.52 and a beta of -2.33. The business’s 50-day moving average is $42.37 and its two-hundred day moving average is $44.81.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.3293 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of large investors have recently made changes to their positions in the company. Capital CS Group LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth approximately $314,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at $240,000. 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 acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $291,000. Finally, Elevatus Welath Management acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth $6,939,000.

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.