Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) Plans Dividend Increase – $0.30 Per Share

Direxion Daily MSFT Bull 2X ETF (NASDAQ:MSFU) declared a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.3033 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 111.0% increase from Direxion Daily MSFT Bull 2X ETF’s previous quarterly dividend of $0.14.

Direxion Daily MSFT Bull 2X ETF Price Performance

NASDAQ MSFU traded down $0.86 on Tuesday, hitting $37.21. The company had a trading volume of 3,580,642 shares, compared to its average volume of 5,617,030. Direxion Daily MSFT Bull 2X ETF has a 12-month low of $19.47 and a 12-month high of $58.89. The company’s fifty day moving average price is $34.06 and its 200-day moving average price is $29.06. The company has a market capitalization of $1.15 billion, a PE ratio of 42.77 and a beta of 1.91.

About Direxion Daily MSFT Bull 2X ETF

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.