Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Down 4.2% – Time to Sell?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) fell 4.2% during trading on Thursday . The stock traded as low as $24.47 and last traded at $24.56. 2,207,937 shares traded hands during trading, a decline of 60% from the average session volume of 5,472,336 shares. The stock had previously closed at $25.64.

Direxion Daily MSFT Bull 2X Shares Stock Down 4.8%

The stock has a market cap of $724.68 million, a price-to-earnings ratio of 42.77 and a beta of 1.91. The company has a 50 day simple moving average of $27.92 and a 200 day simple moving average of $32.29.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.1301 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.52 annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Group One Trading LLC increased its stake 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 during the period. SOA Wealth Advisors LLC. increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 147.3% in the first quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC increased its stake in shares of Direxion Daily MSFT Bull 2X Shares by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 1,725 shares of the company’s stock valued at $72,000 after buying an additional 1,080 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the fourth quarter valued at approximately $132,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at 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.