Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Up 60.0% in December

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 190,200 shares, a growth of 60.0% from the November 30th total of 118,900 shares. Based on an average daily volume of 471,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in shares of Direxion Daily MSFT Bull 2X Shares during the second quarter worth $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, Flow Traders U.S. LLC acquired a new position in Direxion Daily MSFT Bull 2X Shares in the 3rd quarter valued at about $1,191,000.

Direxion Daily MSFT Bull 2X Shares Trading Down 3.5 %

Shares of MSFU opened at $41.27 on Monday. The company’s 50-day moving average price is $42.71 and its 200 day moving average price is $44.17. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $36.29 and a 12-month high of $54.39. The firm has a market cap of $127.11 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 dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.4026 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

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.