Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Trading Down 0.3% – Time to Sell?

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) fell 0.3% during trading on Tuesday . The company traded as low as $40.98 and last traded at $41.66. 498,143 shares changed hands during trading, an increase of 88% from the average session volume of 264,866 shares. The stock had previously closed at $41.78.

Direxion Daily MSFT Bull 2X Shares Price Performance

The company has a market capitalization of $107.48 million, a price-to-earnings ratio of 43.52 and a beta of -2.33. The firm’s 50-day simple moving average is $42.37 and its two-hundred day simple moving average is $44.81.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.3293 dividend. This represents a $1.32 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the company. Capital CS Group LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at $314,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 1st quarter worth about $240,000. Hollencrest Capital Management acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at about $50,000. Client First Investment Management LLC purchased a new position in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at about $291,000. Finally, Elevatus Welath Management acquired a new position in Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $6,939,000.

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.