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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 137,500 shares, a growth of 204.9% from the September 30th total of 45,100 shares. Based on an average daily trading volume, of 358,700 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily MSFT Bull 2X Shares Stock Up 1.5 %

Shares of NASDAQ MSFU traded up $0.65 during trading on Friday, hitting $43.42. 420,627 shares of the company traded hands, compared to its average volume of 271,511. Direxion Daily MSFT Bull 2X Shares has a 1 year low of $32.71 and a 1 year high of $54.39. The company has a 50-day moving average price of $42.53 and a 200-day moving average price of $44.62. The firm has a market capitalization of $125.92 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. 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 annualized dividend and a dividend yield of 3.03%.

Institutional Trading of Direxion Daily MSFT Bull 2X Shares

Several institutional investors have recently made changes to their positions in MSFU. Elevatus Welath Management purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at $6,939,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 1st quarter valued at $240,000. Capital CS Group LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $314,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 2nd quarter valued at $50,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily MSFT Bull 2X Shares during the 2nd quarter worth $291,000.

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.