Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.44 and traded as low as $40.31. Direxion Daily MSFT Bull 2X Shares shares last traded at $41.10, with a volume of 312,906 shares trading hands.

Direxion Daily MSFT Bull 2X Shares Stock Up 0.9 %

The business has a 50-day simple moving average of $42.15 and a two-hundred day simple moving average of $44.43. The stock has a market capitalization of $126.59 million, a P/E ratio of 43.52 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.3293 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Tuesday, September 24th.

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

Several institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the third quarter worth approximately $1,191,000. Capital CS Group LLC bought a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth approximately $314,000. Client First Investment Management LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $291,000. Virtu Financial LLC bought a new position in Direxion Daily MSFT Bull 2X Shares in the 1st quarter valued at $240,000. Finally, Hollencrest Capital Management bought a new position in Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at $50,000.

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.