Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Unusually-High Trading Volume – Still a Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares saw unusually-high trading volume on Friday . 3,527,066 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 5,642,445 shares.The stock last traded at $21.01 and had previously closed at $19.88.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm has a market cap of $645.38 million, a P/E ratio of 42.77 and a beta of 1.91. The company’s 50 day moving average is $27.84 and its 200 day moving average is $30.66.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.1438 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 2.6%.

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

Several large investors have recently bought and sold shares of MSFU. SOA Wealth Advisors LLC. increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the first quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the period. Renaissance Technologies LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $927,000. Group One Trading LLC grew its holdings in Direxion Daily MSFT Bull 2X Shares by 353.5% during the 1st quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock worth $314,000 after acquiring an additional 10,645 shares during the last quarter. Parallel Advisors LLC grew its holdings in Direxion Daily MSFT Bull 2X Shares by 296.5% during the 1st quarter. Parallel Advisors LLC now owns 6,840 shares of the company’s stock worth $157,000 after acquiring an additional 5,115 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at approximately $819,000.

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.