Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) Short Interest Update

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 430,900 shares, an increase of 17.5% from the February 13th total of 366,700 shares. Based on an average trading volume of 707,400 shares, the short-interest ratio is currently 0.6 days. Currently, 13.1% of the shares of the company are sold short.

Direxion Daily MSFT Bull 2X Shares Stock Performance

Shares of NASDAQ MSFU traded up $0.69 during mid-day trading on Wednesday, hitting $32.29. The stock had a trading volume of 317,210 shares, compared to its average volume of 427,532. The company has a 50 day moving average of $36.90 and a two-hundred day moving average of $40.48. Direxion Daily MSFT Bull 2X Shares has a twelve month low of $30.63 and a twelve month high of $54.39. The firm has a market cap of $106.56 million, a PE ratio of 33.29 and a beta of -2.33.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.4026 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily MSFT Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSFU. Optiver Holding B.V. boosted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 2,298.0% during the 4th quarter. Optiver Holding B.V. now owns 33,093 shares of the company’s stock worth $1,307,000 after acquiring an additional 31,713 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 3rd quarter worth about $1,191,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $267,000. TRUE Private Wealth Advisors boosted its stake in shares of Direxion Daily MSFT Bull 2X Shares by 7.5% during the 4th quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company’s stock worth $1,589,000 after acquiring an additional 2,793 shares in the last quarter. Finally, PayPay Securities Corp purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth about $31,000.

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.