Direxion Daily MSFT Bull 2X Shares Sees Unusually Large Options Volume (NASDAQ:MSFU)

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of some unusual options trading activity on Thursday. Investors bought 9,931 call options on the stock. This represents an increase of 62% compared to the typical daily volume of 6,125 call options.

Direxion Daily MSFT Bull 2X Shares Stock Performance

Shares of Direxion Daily MSFT Bull 2X Shares stock opened at $33.23 on Friday. The company has a market capitalization of $1.06 billion, a P/E ratio of 42.77 and a beta of 2.03. The company has a fifty day moving average of $25.50 and a 200 day moving average of $27.59. Direxion Daily MSFT Bull 2X Shares has a fifty-two week low of $19.47 and a fifty-two week high of $61.16.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

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 $0.1438 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. increased its holdings in shares of 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 worth $39,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% in the 4th quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after acquiring an additional 1,080 shares during the last quarter. Group One Trading LLC grew its position in Direxion Daily MSFT Bull 2X Shares by 14.6% in the fourth quarter. Group One Trading LLC now owns 3,011 shares of the company’s stock worth $125,000 after acquiring an additional 384 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth about $132,000. Finally, StoneX Group Inc. bought a new stake in Direxion Daily MSFT Bull 2X Shares during the fourth quarter worth approximately $207,000.

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.