Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw strong trading volume on Thursday . 3,123,656 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 5,036,992 shares.The stock last traded at $28.98 and had previously closed at $29.06.

Direxion Daily MSFT Bull 2X Shares Trading Down 0.8%

The stock has a market capitalization of $856.25 million, a price-to-earnings ratio of 42.77 and a beta of 1.85. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $34.30.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.1301 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. grew its stake in Direxion Daily MSFT Bull 2X Shares by 147.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at about $927,000. Group One Trading LLC grew its stake in Direxion Daily MSFT Bull 2X Shares by 353.5% in the 1st 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 during the last quarter. Parallel Advisors LLC grew its stake in Direxion Daily MSFT Bull 2X Shares by 296.5% in the 1st quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock valued at $157,000 after acquiring an additional 5,115 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $819,000.

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.