Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Gap Up – Still a Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $24.11, but opened at $29.80. Direxion Daily MSFT Bull 2X Shares shares last traded at $31.04, with a volume of 10,332,591 shares changing hands.

Direxion Daily MSFT Bull 2X Shares Trading Up 5.9%

The firm’s 50-day simple moving average is $25.50 and its 200 day simple moving average is $27.59. The stock has a market cap of $1.06 billion, a P/E ratio of 42.77 and a beta of 2.03.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1438 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 1.7%.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at $927,000. Jane Street Group LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth $930,000. Virtu Financial LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth $819,000. Harvest Fund Management Co. Ltd bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the third quarter worth $717,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter valued at $634,000.

About Direxion Daily MSFT Bull 2X Shares

(Get Free Report)

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.

Further Reading

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