Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Sees Significant Increase in Short Interest

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 81,400 shares, an increase of 21.0% from the August 15th total of 67,300 shares. Based on an average trading volume of 317,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

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

Direxion Daily MSFT Bull 2X Shares Trading Up 1.7 %

Shares of MSFU stock traded up $0.77 during trading hours on Tuesday, hitting $45.70. The company’s stock had a trading volume of 417,813 shares, compared to its average volume of 257,061. The company has a 50 day moving average of $43.66 and a 200 day moving average of $45.19. The stock has a market cap of $105.11 million, a PE ratio of 43.52 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $30.31 and a 12-month high of $54.39.

Direxion Daily MSFT Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were paid a $0.3713 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.25%.

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.