Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Hits New 52-Week Low – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.29 and last traded at $21.33, with a volume of 5458313 shares. The stock had previously closed at $22.40.

Direxion Daily MSFT Bull 2X Shares Stock Down 4.8%

The stock has a market cap of $633.50 million, a price-to-earnings ratio of 42.77 and a beta of 1.91. The business’s fifty day moving average is $28.03 and its two-hundred day moving average is $30.99.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.1438 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of MSFU. Jane Street Group LLC grew its position in Direxion Daily MSFT Bull 2X Shares by 31.9% during the second quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $2,043,000 after buying an additional 9,945 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter worth approximately $927,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $819,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth approximately $717,000. Finally, Group One Trading LLC increased its stake in Direxion Daily MSFT Bull 2X Shares by 353.5% in the 1st quarter. Group One Trading LLC now owns 13,656 shares of the company’s stock valued at $314,000 after purchasing an additional 10,645 shares in the last 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.