Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Down 6.1% – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFUGet Free Report)’s share price were down 6.1% on Monday . The company traded as low as $35.16 and last traded at $35.16. Approximately 2,056,452 shares changed hands during trading, a decline of 66% from the average session volume of 6,105,925 shares. The stock had previously closed at $37.45.

Direxion Daily MSFT Bull 2X Shares Trading Down 6.4%

The firm has a 50 day simple moving average of $26.93 and a two-hundred day simple moving average of $27.54. The company has a market capitalization of $1.09 billion, a PE ratio of 42.77 and a beta of 1.89.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1438 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.58 annualized dividend and a dividend yield of 1.6%.

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

Several institutional investors have recently bought and sold shares of MSFU. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter worth $930,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000. Two Sigma Securities LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $634,000. Group One Trading LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at about $137,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at about $717,000.

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.

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