Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Price Down 2.8% – Should You Sell?

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) were down 2.8% during mid-day trading on Tuesday . The company traded as low as $38.34 and last traded at $39.11. Approximately 1,449,448 shares changed hands during trading, an increase of 42% from the average daily volume of 1,020,910 shares. The stock had previously closed at $40.23.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The stock has a 50 day moving average price of $43.67 and a 200 day moving average price of $48.89. The company has a market cap of $245.61 million, a P/E ratio of 42.77 and a beta of 1.67.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $2.3002 dividend. This represents a $9.20 annualized dividend and a yield of 23.5%. This is a boost from Direxion Daily MSFT Bull 2X Shares’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, December 10th.

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

Several large investors have recently made changes to their positions in MSFU. Harvest Fund Management Co. Ltd acquired a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth approximately $717,000. Group One Trading LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the third quarter worth approximately $137,000. Two Sigma Securities LLC bought a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at $634,000. Jane Street Group LLC lifted its position in shares of Direxion Daily MSFT Bull 2X Shares by 31.9% during the 2nd quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $2,043,000 after acquiring an additional 9,945 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $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.