TRUE Private Wealth Advisors Lowers Holdings in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU)

TRUE Private Wealth Advisors decreased its position in Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,462 shares of the company’s stock after selling 1,093 shares during the period. TRUE Private Wealth Advisors owned about 1.22% of Direxion Daily MSFT Bull 2X Shares worth $1,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares in the third quarter valued at $1,191,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares in the 2nd quarter valued at about $291,000. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at about $50,000. Capital CS Group LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $314,000. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the first quarter worth about $240,000.

Direxion Daily MSFT Bull 2X Shares Trading Up 0.2 %

Shares of Direxion Daily MSFT Bull 2X Shares stock opened at $41.92 on Friday. The company has a 50-day moving average of $41.87 and a two-hundred day moving average of $44.37. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $36.29 and a 12-month high of $54.39. The stock has a market cap of $129.11 million, a PE ratio of 43.52 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.3293 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.14%.

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.