Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Stock Pass Below 200 Day Moving Average – Here’s What Happened

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Direxion Daily MSFT Bull 2X Shares Stock Performance

The firm’s 50-day simple moving average is $42.15 and its 200 day simple moving average is $44.43. The company has a market cap 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.3293 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 3.20%.

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

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

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.