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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 461,000 shares, an increase of 235.3% from the October 15th total of 137,500 shares. Based on an average daily volume of 418,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several institutional investors have recently modified their holdings of MSFU. Elevatus Welath Management acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter valued at about $6,939,000. Capital CS Group LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at about $314,000. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the second quarter valued at about $291,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the first quarter valued at about $240,000. Finally, 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.

Direxion Daily MSFT Bull 2X Shares Trading Up 1.0 %

MSFU traded up $0.44 on Wednesday, reaching $42.35. The stock had a trading volume of 500,938 shares, compared to its average volume of 304,283. Direxion Daily MSFT Bull 2X Shares has a 12-month low of $36.29 and a 12-month high of $54.39. The business’s 50-day moving average price is $42.36 and its two-hundred day moving average price is $44.46. The company has a market cap of $130.44 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 disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders 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 3.11%.

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.