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

Direxion Daily MSFT Bull 2X Shares (NASDAQ:MSFU) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 231,100 shares, anincreaseof77.9% from the July 15th total of 129,900 shares. Currently,9.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 353,200 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 353,200 shares, the short-interest ratio is currently 0.7 days. Currently,9.1% of the shares of the stock are sold short.

Direxion Daily MSFT Bull 2X Shares Trading Down 2.9%

NASDAQ:MSFU opened at $51.35 on Wednesday. The company’s 50-day moving average price is $50.95 and its 200-day moving average price is $40.84. The company has a market cap of $130.94 million, a P/E ratio of 42.77 and a beta of -2.33. Direxion Daily MSFT Bull 2X Shares has a twelve month low of $25.06 and a twelve month high of $61.16.

Direxion Daily MSFT Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.3739 per share. The ex-dividend date was Tuesday, June 24th. This is an increase from Direxion Daily MSFT Bull 2X Shares’s previous quarterly dividend of $0.25. This represents a $1.50 annualized dividend and a yield of 2.9%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of MSFU. SOA Wealth Advisors LLC. acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $46,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $207,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Direxion Daily MSFT Bull 2X Shares during the second quarter worth about $242,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 34.8% during the first quarter. SBI Securities Co. Ltd. now owns 9,110 shares of the company’s stock valued at $272,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Simplex Trading LLC increased its position in shares of Direxion Daily MSFT Bull 2X Shares by 133.0% during the first quarter. Simplex Trading LLC now owns 13,030 shares of the company’s stock valued at $388,000 after acquiring an additional 7,437 shares during the last quarter.

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.