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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)’s stock 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 traded.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 42.77 and a beta of 2.03. The business has a fifty day moving average of $25.36 and a two-hundred day moving average of $27.62.

Direxion Daily MSFT Bull 2X Shares Dividend Announcement

The company also recently disclosed 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 yield of 1.8%.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several large investors have recently bought and sold shares of the company. Group One Trading LLC increased its position in shares of 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 valued at $125,000 after buying an additional 384 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position 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 in the last quarter. Parallel Advisors LLC grew its stake in 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. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the 4th quarter valued at about $132,000. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at about $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.