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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 533,100 shares, an increase of 23.7% from the February 28th total of 430,900 shares. Currently, 10.8% of the shares of the company are sold short. Based on an average trading volume of 699,400 shares, the short-interest ratio is currently 0.8 days.

Direxion Daily MSFT Bull 2X Shares Trading Down 0.0 %

Shares of MSFU opened at $30.93 on Thursday. The stock has a 50 day moving average of $35.09 and a 200 day moving average of $39.73. The company has a market capitalization of $102.07 million, a price-to-earnings ratio of 32.72 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a 12 month low of $28.59 and a 12 month high of $54.39.

Direxion Daily MSFT Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.2456 per share. This represents a $0.98 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily MSFT Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFU. PayPay Securities Corp bought a new stake in Direxion Daily MSFT Bull 2X Shares in the fourth quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily MSFT Bull 2X Shares during the 4th quarter worth approximately $267,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily MSFT Bull 2X Shares in the 3rd quarter worth approximately $1,191,000. Optiver Holding B.V. lifted its stake in Direxion Daily MSFT Bull 2X Shares by 2,298.0% in the fourth quarter. Optiver Holding B.V. now owns 33,093 shares of the company’s stock valued at $1,307,000 after purchasing an additional 31,713 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its holdings in Direxion Daily MSFT Bull 2X Shares by 7.5% during the fourth quarter. TRUE Private Wealth Advisors now owns 40,255 shares of the company’s stock valued at $1,589,000 after purchasing an additional 2,793 shares during the period.

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.