Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Up 1.9% – Time to Buy?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares traded up 1.9% during trading on Monday . The company traded as high as $41.49 and last traded at $40.60. 395,315 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 386,639 shares. The stock had previously closed at $39.83.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The company has a fifty day moving average of $41.98 and a two-hundred day moving average of $42.83. The company has a market cap of $151.25 million, a price-to-earnings ratio of 43.52 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.4026 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily MSFT Bull 2X Shares stock. Flow Traders U.S. LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,966 shares of the company’s stock, valued at approximately $1,191,000. Flow Traders U.S. LLC owned about 0.88% of Direxion Daily MSFT Bull 2X Shares at the end of the most recent quarter.

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.